Spacex Raises Record $75 Billion in Largest IPO Ever, Shares to Trade Friday
6 verified6 unconfirmed1 contested
SpaceX raised $75 billion in the largest initial public offering in history, selling 555,555,555 shares at $135 each. The stock is set to begin trading on June 12 under the ticker SPCX. Underwriters have an option to purchase an additional 83.3 million shares. The IPO values the company at approximately $1.75 to $1.77 trillion, making it one of the largest public companies. Major stock indexes have agreed to fast-track the listing, meaning passive funds will automatically buy shares. Strong demand from both institutional and retail investors marked the offering. SpaceX, which encompasses rockets, satellites, and AI technology, now joins the public market amid high expectations and scrutiny.
What’s verified
SpaceX raised $75 billion by selling 555,555,555 shares at $135 each.
The IPO is the largest in history.
The stock will trade under the ticker SPCX starting June 12, 2026.
Underwriters have an over-allotment option to buy an additional 83.3 million shares.
Major stock indexes have agreed to fast-track inclusion of SpaceX shares.
The IPO attracted strong demand from institutional and retail investors.
Where accounts differ
The valuation of SpaceX after the IPO is reported as $1.77 trillion by one source and $1.75 trillion by another.
Not yet confirmed
One source reports that Morningstar valued SpaceX at $63 per share, less than half the IPO price, and that the company is sold at 92 times last year's revenues.
The same source reports that shadow trading suggests shares could rise to $180, giving SpaceX a market value of around $2.4 trillion.
One source reports that a 40-foot inflatable of Elon Musk was displayed in Times Square to protest the company's AI assistant Grok.
One source reports that one in four UK Gen Z and millennial investors applied for or plan to buy shares.
One source reports that Elon Musk could become the world's first trillionaire if shares rise slightly.
One source reports that Musk holds over 80% of voting power and will retain tight control.
Misconceptions
The sources address the misconception that SpaceX's high valuation guarantees immediate returns; both cite analyst warnings about overvaluation, volatility, and the need for the company to prove profitability.
Key figures
Elon Musk – Chairman, CEO, and Chief Technical Officer of SpaceX
Sources: The Guardian, NPR
