SpaceX made its historic public market debut on Friday, with shares opening at $150 on the Nasdaq — an 11% pop from the IPO price of $135. By midday trading, the stock had surged 30%, reflecting intense demand for the most anticipated initial public offering in history. The company priced 555.6 million shares at $135 each, raising $75 billion and making it the largest IPO ever. At current valuations, the listing has pushed Elon Musk’s paper wealth past $1 trillion, making him the world’s first trillionaire.
A historic market debut
Trading volume was exceptionally heavy from the opening bell. Robinhood reported record-breaking traffic on its trading platform in the hours following the debut. The stock’s strong performance reflects investor enthusiasm for SpaceX’s dual businesses: its reusable rocket launches and the rapidly growing Starlink satellite internet network, which generated over $18 billion in revenue in 2025.
SpaceX COO Gwynne Shotwell appeared on CNBC on Friday and made a notable comment that caught the attention of Tesla shareholders. During the interview, Shotwell suggested that a merger between SpaceX and Tesla “might make Elon’s life a little easier,” fueling speculation about future corporate restructuring.
By the numbers: what the S-1 reveals
The company’s S-1 registration document, filed ahead of the IPO, provided an unprecedented look inside SpaceX’s finances. Key figures include:
- Revenue: Over $18 billion in 2025
- Net loss: $4.9 billion in 2025
- Cumulative losses: More than $37 billion since inception
- Elon Musk’s voting power: 85.1%
- Employee millionaires: Approximately 4,400 employees could become millionaires, according to the New York Times
The S-1 also detailed SpaceX’s growing reliance on its xAI division, which has secured major compute deals with Anthropic ($1.25 billion per month) and Google ($920 million per month). These contracts are helping to offset the company’s heavy spending on Starship development and Starlink satellite deployment.
Who wins — and who doesn’t
The IPO creates clear winners and raises questions for certain investors. Elon Musk, with his supermajority voting control, will maintain a monarchical grip over the publicly traded company — far beyond what other tech founders typically enjoy. Lower-tier SPV investors, however, face hidden fees, lengthy payout delays, and the risk of outright fraud after lock-up periods lift.
The S-1 also included a warning about potential future dilution, adding fuel to merger rumors with Tesla. The company added language cautioning investors that significant dilution could occur post-IPO, which some analysts interpret as preparation for a major acquisition or stock-based compensation plan.
What’s next for SpaceX stock
For the most up-to-the-minute pricing, the official Nasdaq listing provides the record price as soon as trades execute. Financial press outlets including Bloomberg and CNBC are running live blogs with close coverage of any trading hiccups. The stock’s performance in the coming weeks will be closely watched as a barometer for investor appetite in high-growth space and infrastructure companies.
SpaceX’s public debut marks a turning point for the private space industry, validating the commercial viability of reusable rockets and satellite broadband. Whether the company can sustain its valuation while burning through billions in cash remains an open question — but for now, the market has spoken with a resounding vote of confidence.
FAQs
Q1: When did SpaceX go public?
SpaceX shares began trading on the Nasdaq on Friday, June 12, 2026, under the ticker symbol SPX.
Q2: How much did SpaceX raise in its IPO?
The company raised $75 billion by pricing 555.6 million shares at $135 each, making it the largest IPO in history.
Q3: What is Elon Musk’s net worth after the SpaceX IPO?
Elon Musk’s paper wealth has surpassed $1 trillion, making him the world’s first trillionaire, according to Bloomberg’s Billionaires Index.
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