SpaceX began trading on the Nasdaq on June 12, 2026 at an IPO price of $135 per share, marking the largest initial public offering in history at a $1.77 trillion valuation. The rocket and satellite internet company sold 555.6 million shares, raising approximately $75 billion and surpassing the previous record held by Saudi Aramco’s 2019 IPO of $29.4 billion.
The company, controlled by Elon Musk, started trading under the ticker symbol SPCX. The fixed IPO price of $135 per share was set Thursday evening, June 11, with shares beginning to trade on the Nasdaq Global Select Market and Nasdaq Texas on Friday morning at 9:30 a.m. ET, according to SpaceX’s official pricing announcement.
Demand for SpaceX shares far exceeded the available supply. The IPO was 3-4 times oversubscribed, with retail investors alone placing more than $70 billion in orders, according to Barron’s and Yahoo Finance. Total investor demand reached approximately $250 billion against the $75 billion offering size, meaning institutions, sovereign wealth funds, family offices, and retail investors competed aggressively for shares.
SpaceX’s valuation instantly placed it among the world’s most valuable companies. At the IPO price, Musk’s stake in SpaceX was valued at approximately $688 billion, bringing his estimated total net worth to around $971 billion, according to Business Insider’s reporting based on Bloomberg data.
Unprecedented Retail Access and Demand
SpaceX allocated 30% of the IPO shares to retail investors—three times the industry standard—across select brokerage platforms including Robinhood, SoFi, E*TRADE, Fidelity, and Charles Schwab. Despite this unusually large allocation, retail demand still far exceeded available shares. Retail investors were expected to receive at least 20% of the deal, according to Bloomberg Law News.
The oversubscription marked one of Wall Street’s largest liquidity events. According to reporting from Reuters and Bloomberg, the deal’s oversubscription rate was running at 3.5 to 4 times the planned offering size. This massive demand reflected broader investor appetite for exposure to SpaceX’s Starlink satellite internet business, which generated $11.4 billion in revenue in 2025 with 10.3 million subscribers, according to The Motley Fool.
When Saudi Aramco went public in December 2019, it raised $29.4 billion at a $1.7 trillion valuation, setting the previous record. That IPO held the title of largest for nearly seven years. SpaceX’s $75 billion raise more than doubled Aramco’s record, according to multiple sources including the South China Morning Post and Investing.com.
Sources
- Yahoo Finance — SpaceX IPO pricing at $135, June 12 trading start, $75 billion raise, retail investor demand exceeding $70 billion
- NBC News — SpaceX IPO price of $135, June 12, 2026 trading date, $1.77 trillion valuation
- CNBC — SpaceX IPO valuation target of $1.77 trillion, fixed pricing mechanism
- Reuters — SpaceX IPO pricing at $135, $75 billion raise target, oversubscription details
- Bloomberg — SpaceX IPO demand approaching 4x oversubscription, $250 billion in investor demand
- Barron’s — SpaceX IPO 3-5 times oversubscribed, $70+ billion retail investor orders
- SpaceX Official — Pricing announcement confirming 555.6 million shares at $135, June 12 trading date, SPCX ticker symbol
- Business Insider — Musk’s SpaceX stake valued at $688 billion, total net worth estimate of $971 billion
- The Motley Fool — Starlink revenue of $11.4 billion in 2025, subscriber count of 10.3 million as of end of March 2026, Saudi Aramco IPO comparison
- Bloomberg Law News — Retail allocation of at least 20% of available shares
- South China Morning Post — Saudi Aramco 2019 IPO raised $29.4 billion, SpaceX IPO surpasses record
- Investing.com — SpaceX oversubscription and historical IPO comparison
