SpaceX Goes Public in Historic IPO, Reshaping Tech Markets

SpaceX has officially entered the public markets, marking one of the most significant moments in technology and financial history. After years of speculation about when Elon Musk’s rocket company would launch an initial public offering, the event has finally arrived—and the scale has exceeded expectations.

The company initially priced 555.6 million shares at $135 each, raising $75 billion in what became the largest IPO ever recorded. Investor demand pushed the offering even higher, ultimately increasing total proceeds to an estimated $85.7 billion.

The blockbuster debut has dramatically boosted the value of SpaceX and further strengthened Elon Musk’s position as one of the most influential figures in business. According to the company’s reported figures, the IPO elevated Musk’s wealth beyond the trillion-dollar mark, making him the world’s first trillionaire.

Strong Market Debut Fuels Rally

Investor enthusiasm was evident from the opening bell.

SpaceX shares began trading on the Nasdaq on June 12 at $150, representing an 11% jump from the IPO price. Buying momentum continued throughout the day, with shares surging as much as 30% during trading before closing at $160.95, up 19%.

The debut also generated massive interest among retail investors. Trading platform Robinhood reported record levels of activity following the company’s public market launch, highlighting the widespread excitement surrounding the stock.

The IPO has already helped propel SpaceX into the ranks of the world’s most valuable corporations. Following recent gains, the company’s valuation reportedly reached $2.7 trillion, allowing it to surpass Amazon and become the fifth-largest company globally.

Expansion Continues After Going Public

SpaceX wasted little time making strategic moves after its market debut.

Just days after the IPO, the company announced plans to acquire AI coding startup Cursor in a stock deal valued at $60 billion. The acquisition signals SpaceX’s growing interest in artificial intelligence and software development alongside its core aerospace and satellite businesses.

The company has also been securing major computing agreements. Among the most notable are reported deals with Anthropic and Google, which involve large-scale compute services aimed at supporting growing AI demand.

Inside SpaceX’s Financial Picture

The company’s IPO filing provided investors with an unprecedented look at its operations and finances.

According to the filing, SpaceX generated more than $18 billion in revenue during 2025 while reporting a loss of approximately $4.9 billion. Since its founding, cumulative losses have exceeded $37 billion.

Despite those figures, investors remain focused on SpaceX’s long-term growth opportunities, particularly through Starlink, Starship, artificial intelligence initiatives, and future space-related ventures.

The filing also revealed Elon Musk’s enormous influence over the company. As CEO, he controls roughly 85.1% of voting power, giving him substantial authority over major corporate decisions even after the company became publicly traded.

Employees and Investors Stand to Benefit

The IPO has created significant wealth for employees and early investors.

Reports indicate that approximately 4,400 SpaceX employees could become millionaires as a result of the company’s public listing. Meanwhile, major investment banks involved in underwriting the offering reportedly collected around $500 million in fees.

However, not all investors may benefit equally. Some special-purpose vehicle (SPV) investors could face delays, fees, and other restrictions before realizing gains from their holdings.

Looking Ahead

With a market valuation measured in trillions, a rapidly growing Starlink business, ambitious Starship development plans, and increasing involvement in AI infrastructure, SpaceX now faces a new challenge: delivering public-company performance while pursuing some of the most ambitious projects in modern technology.

The historic IPO may have closed one chapter in SpaceX’s story, but for investors and the broader market, it appears to be only the beginning.

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