Historic SpaceX IPO: SPCX Now Trading on Nasdaq
In a groundbreaking event hailed as the largest IPO in stock market history, Elon Musk’s SpaceX made its debut on the Nasdaq Stock Exchange on June 12, 2026. Trading under the ticker symbol SPCX, the company set its share price at a steady $135 per share. This move aims to raise an estimated $75 billion through the sale of 555.6 million Class A common shares. This IPO size is more than triple that of Alibaba’s, the previous record holder for the largest U.S. listing.
The IPO price gives SpaceX a staggering valuation of approximately $1.77 trillion. This places it among the top ten most valuable companies in the United States, surpassing even Tesla. The offering was spearheaded by Goldman Sachs, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase serving as co-underwriters. Post-listing, Elon Musk retains over 82% voting control.
SpaceX’s operations span three core segments: space launch services, satellite internet through Starlink (which accounted for 61% of total 2025 revenue), and artificial intelligence through its integrated xAI unit. The proceeds from the offering will be invested in AI computing infrastructure and expanding the Starlink satellite network. A new Nasdaq rule, implemented in March 2026, could fast-track SpaceX into the Nasdaq-100 index within just 15 trading days of its debut. This could potentially trigger an estimated $7 billion in forced buying from index funds.
Source: CNBC – SpaceX IPO Coverage