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financialseismic2026-06-12

SpaceX goes public on Nasdaq, raising $75 billion in the largest IPO on record

SpaceX sold 555.6M shares at $135 and closed its first day near $161, a $2.1 trillion valuation, per CNBC.

SpaceX priced 555,555,555 Class A shares at $135.00 each in its initial public offering, for proceeds to the company before expenses of $74,499,999,925, and began trading on Nasdaq on June 12 under the ticker SPCX. Per its prospectus, underwriters hold a 30-day option for up to 83,333,333 additional shares, and Elon Musk retains about 82.4% of voting power after the offering through the dual-class structure. Per CNBC, the stock opened at $150, closed near $161, up 19%, valuing the company around $2.1 trillion, with more than 500 million shares traded on the first day; TechCrunch called it the largest IPO in history, eclipsing Saudi Aramco's 2019 debut.