SpaceX raised $75 billion in the largest initial public offering in history, shattering the previous record as the company began trading on Nasdaq under the ticker SPCX on Friday, June 12. The space exploration and satellite broadband company priced shares at $135 each, valuing the business at approximately $1.77 trillion according to Reuters and The New York Times.
The offering vastly exceeds Saudi Aramco’s $29.4 billion IPO in December 2019, which held the record for nearly seven years. SpaceX is now the first company to raise more than $70 billion in a single public offering, underscoring extraordinary investor appetite for Elon Musk’s rocket manufacturer and Starlink satellite internet service.
Demand for the offering was intense. Reuters reported that retail investors alone placed more than $70 billion in orders, while institutional investors’ demand approached four times the available shares. Alpha Spread reported total orders reached approximately $150 billion for the $75 billion of stock being sold, a sign of how far the company’s valuation had captured market imagination.
SpaceX sold 555.6 million shares to raise the record sum, according to multiple sources including The New York Times and Bloomberg. The company will trade on both the Nasdaq Global Select Market and Nasdaq Texas. The opening price on Nasdaq reflected strong early momentum as investors awaited first-day trading.
The historic offering marks a turning point for SpaceX, which has remained private since its 2002 founding. The company operates Starlink, which generated $11.4 billion in revenue during 2025 and accounts for roughly 61% of SpaceX’s total revenue, according to social media commentary citing company filings. SpaceX’s total 2025 revenue reached $18.7 billion, representing 33% year-over-year growth.
Goldman Sachs served as lead underwriter on the deal, with Morgan Stanley and other major investment banks participating, according to CNBC’s coverage. The offering closed on June 15, 2026, subject to customary closing conditions, with underwriters granted a 30-day option to purchase an additional 83.3 million shares at the IPO price, per Reuters.
The scale of SpaceX’s IPO reflects broader market confidence in commercial space ventures and satellite broadband expansion. The company simultaneously launched Starlink satellites as it debuted on Nasdaq, maintaining operational momentum even as it transitioned to public markets. The capital raised will support development of the Starship vehicle for lunar and Mars missions, expansion of Starlink coverage, and other space infrastructure projects.
Sources
- Reuters — IPO pricing at $135 per share, $75 billion raise, $1.75 trillion valuation, and ticker symbol SPCX
- The New York Times — Comparison to Saudi Aramco’s $29 billion 2019 IPO; company valuation and share details
- Bloomberg — Investor demand exceeding $10 billion from multiple institutional investors; retail order volume
- CNBC — Opening bell details, underwriter information, and live market coverage
- Wall Street Journal — Historical context on largest IPOs by market value
- Forbes — First-day trading expectations and opening price indications
- Alpha Spread — Total investor orders reaching approximately $150 billion
