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SpaceX just pulled off something no company has ever done. The Elon Musk-led rocket maker raised $75 billion in its initial public offering, making it the largest IPO in history and dethroning Saudi Aramco’s 2019 record. Shares closed their first day of trading up roughly 19%, landing around $161 after pricing at $135.
The debut on June 12 valued SpaceX at approximately $1.77 to $1.8 trillion, instantly placing it among the most valuable public companies on the planet. A rocket company. Trading under the ticker SPCX on the Nasdaq.
The numbers behind the frenzy
SpaceX sold 555.6 million shares at $135 each, and the market wanted more. Retail investor orders alone exceeded $100 billion. Overall demand was reportedly several times oversubscribed.
At one point during the first trading session, shares reportedly spiked nearly 30% above the IPO price before settling back to the 19% gain at close.
SpaceX filed confidentially in April 2026, went public with its filing on May 20, and then accelerated its roadshow to early June.
Crypto markets feel the gravitational pull
Prior to the IPO, several crypto firms had been offering tokenized versions of SpaceX exposure. Once SPCX started trading on the Nasdaq, those tokenized share products were quickly scrapped.
With over $100 billion in retail orders flooding into the SpaceX IPO, significant liquidity pressure was observed on digital assets.
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