SpaceX has officially entered the public markets, executing the largest initial public offering in financial history. The company priced its shares at $135 on June 11, 2026, raising $75 billion by selling 555.6 million shares. This transaction values the aerospace giant at approximately $1.77 trillion, surpassing Saudi Aramco’s 2019 record.
Trading begins on the Nasdaq under the ticker SPCX on June 12. Institutional demand was overwhelming, with total subscriptions reaching roughly $250 billion-nearly four times the available supply. BlackRock alone committed at least $5 billion to the offering.
The capital infusion will fund three strategic pillars: expanding the Starlink satellite internet network, scaling rocket launch operations, and advancing artificial intelligence projects linked to xAI. These initiatives build upon two decades of private dominance in commercial spaceflight.
Revenue reached $18.7 billion in 2025, driven largely by Starlink subscriptions. While the oversubscription signals strong institutional confidence, investors must weigh this growth against the unique risk profile associated with founder Elon Musk’s diverse ventures and potential emergence as the world’s first trillionaire.