SpaceX completed the largest initial public offering in history on June 12, 2026, pricing shares at $135 each and raising approximately $75 billion in what became the most anticipated market event in years. The stock, trading under the ticker SPCX on the Nasdaq, closed its first day at $161, a 19 percent jump from the IPO price. By June 16 it had reached $201.80, giving SpaceX a market capitalization of approximately $2.6 trillion.

As of June 18, SPCX is trading at approximately $191, still well above IPO price after the initial surge pulled back slightly. The debut surpassed the previous record IPO of Saudi Aramco’s 2019 offering and made SpaceX the most valuable company to go public in history.

Key Numbers From the Offering

Metric	Figure
IPO price per share	$135
First-day close	$161 (+19%)
Peak price (June 15)	$225.64
Price as of June 18	~$191.82
Market cap at $201 close	~$2.6 trillion
Capital raised	~$75 billion
Musk voting control	82%+ retained
Previous record IPO	Saudi Aramco 2019 (~$29.4B raised)

What SpaceX Actually Does

SpaceX operates three major business lines. Its launch services division, anchored by the Falcon 9 rocket, is the world’s dominant commercial launch provider and handles the majority of satellite deployments globally. The Starlink satellite internet division now has over 5 million subscribers across more than 100 countries and is the company’s fastest-growing revenue source.

The third line is the Starship program, the fully reusable heavy-lift rocket that SpaceX is developing for NASA’s Artemis lunar missions and eventual Mars missions. Starship represents the long-term bet on which much of SpaceX’s valuation rests.

According to CNBC, SpaceX’s 2025 revenue was approximately $15 billion, driven by Starlink’s consumer and enterprise subscriptions and its launch services contracts, including a large block of US government and military launches.

Why SpaceX Went Public Now

Elon Musk had resisted taking SpaceX public for years, citing concerns about short-term shareholder pressure conflicting with long-term goals like Mars colonization. The IPO timing in 2026 reflects a changed calculus: Starlink’s subscriber growth has created a predictable, recurring revenue stream that public market investors can model, making SpaceX a viable public company rather than purely a mission-driven private one.

The $75 billion raised will fund Starship development, Starlink satellite constellation expansion to Gen 3 satellites, and what Musk described in the IPO prospectus as “the infrastructure required for a multi-planetary civilization.” That language is unusual for an S-1 filing but consistent with Musk’s long-stated goals.

SpaceX also needed capital for its next phase of Starlink: a direct-to-cell service that turns every mobile phone into a potential Starlink user without needing dedicated hardware. The service launched in beta in 2025 and a full rollout requires hundreds of additional satellites.

What It Means for Musk’s Wealth

Musk retains over 82 percent of SpaceX’s voting control after the IPO. At the $201 close giving SpaceX a $2.6 trillion market cap, Musk’s stake is worth over $2 trillion from SpaceX alone. Combined with his Tesla holdings, xAI valuation, and other assets, multiple financial analysts have placed Musk’s total net worth above $1 trillion following the IPO, making him the first person in history to reach that threshold.

Bloomberg noted that the SpaceX IPO also validates the broader commercial space sector, which has struggled to attract public market capital since the SPAC boom of 2021 collapsed. Several smaller launch and satellite companies saw their stock prices rise on the day of SpaceX’s debut.

Frequently Asked Questions

When did SpaceX go public?

SpaceX held its IPO on June 12, 2026, pricing shares at $135 each under the ticker SPCX on the Nasdaq. The offering raised approximately $75 billion, making it the largest IPO in history, surpassing Saudi Aramco’s 2019 record. The stock closed its first day at $161, a 19 percent gain.

What is SpaceX stock worth?

SpaceX (SPCX) reached a peak price of $225.64 in its first three trading sessions before settling around $191-201 in the days following the IPO. At a $201 close, the company had a market capitalization of approximately $2.6 trillion, making it one of the most valuable companies in the world immediately after going public.

Is Elon Musk a trillionaire after the SpaceX IPO?

Multiple financial analysts have placed Musk’s total net worth above $1 trillion following the SpaceX IPO, combining his SpaceX stake (over 82% voting control of a $2.6T company), Tesla holdings, xAI valuation, and other assets. The exact figure depends on valuation methodology and fluctuates with stock prices.