SpaceX Shatters Records with Historic $1.77T IPO
Elon Musk’s SpaceX has officially gone public on the Nasdaq, marking the largest initial public offering in history. Trading under the ticker symbol SPCX, the company sold 555.6 million shares at a fixed price of $135 each, raising an unprecedented $75 billion and achieving a market capitalization of $1.77 trillion. This monumental feat more than doubles the previous IPO record set by Saudi Aramco’s $29.4 billion debut in 2019.
The offering catapulted SpaceX to become the seventh-largest company in the United States, surpassing even Tesla. Shares surged on their first day, closing at $161 — a 19% jump from the IPO price. The demand from retail investors was explosive, with subscriptions exceeding $100 billion, far outpacing the 20% allocation reserved for individual investors.
Despite the widespread euphoria, some analysts remain cautious. SpaceX reported $18.7 billion in 2025 revenue — a 33% year-over-year increase — but also posted a net loss of $4.9 billion. The company’s profitable Starlink satellite internet division, which now serves over 9 million users, is carrying much of the growth story. Elon Musk is not selling any of his shares in the offering and will retain 82.4% of voting power post-listing, ensuring full strategic control of the company’s ambitious plans, including orbital data centers and lunar transportation.
Source: CNBC — SpaceX IPO SPCX Live Updates