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.
what happened
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.
why it matters
This is the liquidity event the space economy has been priced against for a decade: the first public mark for Starlink-anchored revenue and reusable-launch economics, and a valuation benchmark every private operator and fund will now be measured on. The prospectus also folds the xAI merger into the listed company and states SpaceX expects to begin deploying orbital AI compute satellites as early as 2028, putting a filing date on the orbital data center roadmap. Retail and index access to the sector's dominant operator changes who holds space exposure.
for who
Space investors, competing launch and connectivity operators, index funds
signal-to-noise
quick facts
- Companies
- SpaceX
- Category
- financial
- Impact
- seismic
- SNR
- 5 / 5
- Event date
- 2026-06-12
- Published
- 2026-07-08 12:35 UTC