SpaceX raised a record $75 billion in its initial public offering on June 12, 2026, becoming the largest IPO in Wall Street history and surpassing the previous record held by Saudi Aramco’s $25.6 billion offering in 2019. Shares opened at $150 and closed at $160.95 on the first day of trading, a 19% jump from the $135 pricing, according to multiple sources including CNN and Bloomberg Law News.
The company’s market valuation reached approximately $2.1 trillion by market close, making SpaceX one of the six most valuable U.S. public companies immediately upon listing. The IPO sold 555.6 million shares at the fixed price of $135 each, according to Reuters and Bloomberg.
Investor demand for the offering far exceeded supply. GuruFocus reported that the IPO attracted $350 billion in demand, reflecting exceptional appetite for exposure to the company’s space, satellite, and artificial intelligence businesses. The strong reception reflected investor confidence in SpaceX’s long-term growth prospects, particularly as the company positions itself in multiple high-growth sectors.
SpaceX has stated that proceeds from the offering will be used for expanding AI computing resources and growing its satellite network, according to Reuters. The company operates Starlink, a global satellite internet service, and has increasingly emphasized artificial intelligence as a core component of its future strategy. Via Satellite reported that AI is framed as the largest component of SpaceX’s addressable market opportunity, suggesting the company wants investors to think of it as more than a traditional aerospace enterprise.
The IPO marked a milestone for founder Elon Musk and the company he founded in 2002. When Saudi Aramco listed in December 2019, it raised $25.6 billion by selling 3 billion shares at 32 riyals ($8.53) per share, according to Bloomberg and Reuters. SpaceX’s $75 billion raise nearly tripled that previous record, reflecting both the company’s scale and the tech sector’s current valuations.
The listing came after months of preparation and anticipation. In early June 2026, Reuters reported that SpaceX had set a target price of $135 per share for the offering. The company had also made an unusually large allocation of shares available to retail investors—as much as 30% of the total offering, according to Prof G Media, compared to the typical 5-10% allocation in most IPOs.
Sources
- Reuters — IPO pricing at $135 per share, $75 billion raise, use of proceeds for AI and satellite expansion
- Bloomberg Law News — Shares closed 19% higher at $160.95 on first day
- CNN — Stock settled at $160.95, up 19.22% from target price
- GuruFocus — $350 billion in investor demand
- Bloomberg — IPO raised $75 billion, pricing details
- Via Satellite — AI framed as largest component of addressable market
- Bloomberg (2019) — Saudi Aramco IPO details, $25.6 billion raise
- Prof G Media — Retail allocation details, 30% available to retail investors
