Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

News · 12 June 2026

SpaceX shares jump 19% after $75bn IPO

SpaceX shares jump 19% after $75bn IPO

Unsplash / Nicholas Cappello

Elon Musk's SpaceX has just made the biggest initial public offering in history, raising a record $75 billion for its ambitious plans. Shares started trading on the Nasdaq Stock Exchange on Friday, opening at $150 after strong investor interest. The stock then closed up 19% from its $135 offer price, reaching $160.95.

Reported by CBS News · How we write briefs

Understand this story

Why do shares jump?

More briefs

TransportWelsh Labour Backs M4 Relief Road Seven Years After Scrapping It PoliticsCouncillors Investigate £1bn Housing Loans Made Under Burnham PoliticsBritish Troops to Join Ukraine Rehearsal Exercise in Poland TechnologyRussian Suspect in Deadly London Hospitals Hack Held in Germany PoliticsMet Police Assess Palestine Action Post by Jonathan Powell's Wife WorldBrazil's Amazon Deforestation Falls to Record Low Browse all stories →