SpaceX has priced its initial public offering (IPO) at 555.6 million shares for $135 each, raising $75 billion, thereby becoming the largest IPO in history and making CEO Elon Musk the world’s first trillionaire. Shares opened on June 12 at $150 on the Nasdaq, an increase of 11% from the IPO price.
On its first full day of trading, SpaceX shares rose over 15% to $186.15 by 2:30 p.m. ET. The stock saw further gains, closing at $160.95, marking a 19% increase for the day after reaching a peak of a 30% rise during midday trading.
Trading volumes were high, with Robinhood reporting record-breaking traffic on its platform during and after the IPO launch. Musk expressed gratitude towards SpaceX employees, stating on social media, “I love the incredible people of SpaceX beyond words,” as the stock price increased.
SpaceX COO Gwynne Shotwell, in an interview on June 12, suggested that a merger between SpaceX and Tesla could be beneficial for Musk. This comment has attracted attention from investors.
Investment banks earned approximately $500 million in fees from the IPO, with Goldman Sachs and Morgan Stanley being the primary beneficiaries. Musk retains 85.1% of the company’s voting power post-IPO, providing him significant control over SpaceX.
Approximately 4,400 employees of SpaceX could achieve millionaire status due to the IPO, which also highlighted the company’s financial performance. SpaceX reported a $4.9 billion loss on revenues of over $18 billion in 2025, contributing to total losses exceeding $37 billion since its inception.
I love the incredible people of SpaceX beyond words
— Elon Musk (@elonmusk) June 12, 2026
The S-1 registration document revealed SpaceX’s financials and indicated heavy reliance on its Starlink services. It also warned potential investors of possible share dilution and mentioned contracts with Anthropic and Google, with expected monthly payments of $1.25 billion and $920 million, respectively, for computing services.
As SpaceX transitions into a publicly traded company, shareholders and investors are keenly monitoring developments stemming from this historic IPO.
