SpaceX shares soar 19% after record $75B IPO led by Elon Musk

SpaceX landed on the Nasdaq on June 12, 2026, and shares priced at $135 surged 19% on their first day of trading, climbing to roughly $160 and cementing what was already the largest IPO 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 it.

Inside the numbers

Trading under the ticker SPCX, SpaceX 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.

How SpaceX got here

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.

SpaceX’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.

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