What was the outcome of SpaceX’s (NASDAQ:SPCX) IPO?

SpaceX completed the largest IPO in corporate history, raising $75 billion by issuing 555.6 million Class A shares. The stock opened at $150, an 11.1% premium over the $135 offering price, and surged to $168.75 within the first hour of trading.

How did the IPO affect SpaceX’s market capitalization?

The IPO pushed SpaceX’s market cap past $2.1 trillion, surpassing peers like Alphabet and Amazon, and positioned Elon Musk as the world’s first paper trillionaire due to his 42% equity stake.

How does SpaceX’s IPO compare to previous records?

At $75 billion, the IPO exceeds the previous global record set by Saudi Aramco in 2019, which raised $29.4 billion.

Who were the major investors in the IPO?

The offering drew strong institutional and retail demand, including a reported $5 billion anchor position from BlackRock, alongside more than $100 billion in retail orders.

How will SpaceX use the proceeds from the IPO?

Proceeds will fund capital-intensive projects, including expansion of the reusable Starship launch platform, deep-space exploration initiatives (including Mars colonization plans), and development of satellite-hosted data centers to run xAI’s Grok large language models.

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SpaceX shares surge in historic trading debut following record $75B IPO

Written by Jon CuthbertPublished Jun 12, 2026, 4:43 AM

SpaceX (NASDAQ:SPCX) completed its highly anticipated transition to the public markets, staging the largest initial public offering in corporate history.

Trading under the ticker symbol SPCX on the Nasdaq Stock Exchange, shares of Elon Musk’s aerospace and artificial intelligence conglomerate opened at $150 on Friday morning, representing an 11.1% premium over Thursday evening’s fixed offering price of $135.

Investor demand triggered an early wave of buying, forcing the stock as high as $168.75 within the first hour of trading—a 25% surge from its issue baseline.

The initial market action pushed SpaceX's market capitalization past $2.1 trillion, lifting the Texas-based manufacturer ahead of tech peers like Alphabet and Amazon in market value, while positioning founder Elon Musk as the world's first paper trillionaire due to his 42% equity stake.

The blockbuster $75 billion capital raise, structured by lead underwriter Goldman Sachs via the issuance of 555.6 million Class A shares, shatters the previous global public offering record held by Saudi Aramco.

When the state-backed Saudi Arabian oil giant listed in 2019, it secured $29.4 billion in total proceeds.

SpaceX's offering drew unprecedented scale from multi-tiered backing, capturing more than $100 billion in total retail orders alongside heavy institutional anchor commitments, including a reported $5 billion singular position filled by BlackRock.

Management intends to deploy the fresh capital directly toward capital-intensive, long-horizon infrastructure projects.

Beyond fueling the expansion of its reusable Starship launch platform and deep-space deep exploration initiatives—which include a baseline objective to establish a permanent human colony on Mars—the proceeds will fund the expansion of its space-bound digital infrastructure.

Following its February acquisition of Musk’s artificial intelligence startup xAI, the combined company is building out specialized orbital constellations of solar-powered, satellite-hosted data centers to run its proprietary Grok large language models.

While public markets greeted the listing with intense buy-side momentum, institutional analysts highlighted a widening delta between SpaceX's current multi-trillion-dollar premium and its near-term fundamental financial profile.

The company generated $18.7 billion in trailing 12-month revenue and continues to operate at a net loss due to heavy structural research and development expenditures.