SpaceX landed on the Nasdaq on June 12, 2026, marking a historic milestone for the aerospace giant. Shares priced at $135 surged 19% on their first day of trading, climbing to roughly $160. This performance cemented the event as the largest initial public offering in history.
The offering raised approximately $75 billion by selling around 556 million shares. To put that in perspective, Saudi Aramco’s 2019 IPO, previously the record holder, raised about $25.6 billion. SpaceX nearly tripled that figure.
Trading under the ticker SPCX, shares opened around $150 before pushing higher throughout the session. Investor interest reportedly exceeded $350 billion, meaning the offering was oversubscribed by nearly five times. Both institutional and retail investors piled in.
At the closing price, SpaceX’s valuation landed somewhere between $1.75 trillion and $1.8 trillion. Elon Musk, who holds more than 42% of SpaceX, saw his net worth surge past $1 trillion, reportedly making him the first person in history to reach that level.
SpaceX filed confidentially with the SEC in April 2026, followed by a public prospectus in May. A brief but high-profile roadshow preceded the pricing on June 11, with shares beginning to trade the following morning. The company’s business portfolio includes the Falcon 9 and Falcon Heavy launch vehicles, the Starship program, and Starlink, the satellite internet constellation serving millions of subscribers across dozens of countries.