SpaceX launched Starlink 10-54 from Cape Canaveral on June 12, 2026, carrying 29 satellites to low-Earth orbit, the same day the company debuted on the Nasdaq under ticker SPCX in the largest initial public offering in history.
The Falcon 9 rocket lifted off at 8:37 a.m. ET from Space Launch Complex 40, targeting a launch window that opened at 8:27 a.m., according to SpaceX’s mission page and reports from Florida Today. The mission deployed the broadband satellites as the company’s stock began trading following the record-breaking IPO.
SpaceX priced its IPO at $135 per share and raised $75 billion by selling 555.56 million shares, according to Reuters and the Wall Street Journal. The offering valued the company at approximately $1.77 trillion, making it the sixth-largest company in the U.S. by market capitalization on its first day of trading. Goldman Sachs led the underwriting syndicate for the deal.
The $75 billion IPO shattered the previous record set by Saudi Aramco in December 2019. When Saudi Aramco went public, it raised $29.4 billion after the underwriters exercised their full over-allotment option, according to Reuters. SpaceX’s IPO is more than 2.5 times larger than Aramco’s prior record, making it a historic milestone for Wall Street.
The timing of the Starlink launch alongside the Nasdaq debut underscored SpaceX’s operational momentum. The company continues to expand its satellite constellation rapidly, with Starlink now comprising over 10,000 operational satellites in orbit, according to recent reports. The mission marked the 27th flight for the Falcon 9’s first-stage booster, demonstrating the reusability that has become central to SpaceX’s cost model.
Elon Musk’s company included Starlink in its IPO filing, with the satellite internet service identified as one of three key revenue drivers alongside SpaceX’s government contracts and xAI operations. The filing disclosed that Starlink is already generating substantial revenue, positioning it as a critical growth engine for the newly public company.
Sources
- SpaceX — Official mission page confirming Starlink 10-54 launch window and 29 satellite deployment
- Reuters — IPO pricing at $135 per share, $75 billion raise, and Saudi Aramco 2019 record comparison
- Wall Street Journal — Confirmation of $75 billion IPO and 555.56 million shares sold
- Florida Today — Launch time and details from Cape Canaveral
- Yahoo Finance — Company valuation at $1.77 trillion and market cap ranking
