For once, SpaceX is ahead of schedule. On June 11, 2026, the company officially confirmed it raised $75 billion from the sale of shares to its underwriters — pricing 555.6 million shares at $135 each — making it the largest IPO in history before a single share has traded.
The Pricing
SpaceX set its price well in advance of the roadshow, an unusual approach that let the offering attract four times the available shares, according to Bloomberg. The company trades on Nasdaq under the ticker SPCX, with active trading beginning June 12. Anecdotal reports suggest a line of institutional and individual buyers waiting to get in.
The Record
At $75 billion, SpaceX easily eclipses the $24.9 billion Saudi Aramco raised in 2019 — previously the largest IPO ever. The combined SpaceX-xAI entity is valued at about $1.75 trillion, a level that looks set to make Musk the world’s first trillionaire.
Who Gains
The biggest beneficiary is Elon Musk himself, who owns just under 850 million Class A shares (one vote each) and 5.6 billion Class B shares (ten votes each). The listing also delivers:
- Antonio Gracias of Valor Management: 503.4 million shares, worth nearly $68 billion at the IPO price
- Luke Nosek, SpaceX board member and investor: 33 million shares
- Gwynne Shotwell, COO: nearly 12.6 million shares
- Roughly 400 venture capitalists who backed the company during two decades of private fundraising
Market Reaction
Hyperliquid, the crypto market offering synthetic exposure, prices SPCX near $167, suggesting market participants expect a classic 20% first-day pop. If the deal stays oversubscribed, underwriters can exercise a greenshoe of 83.3 million shares worth another $11 billion.
What’s Next
The open questions are the big ones: how SpaceX justifies a $1.75 trillion valuation while juggling its hardest engineering bets — from the world’s largest reusable rocket to a new American chip fab. But the day after pricing, the 24-year-old company has already rewritten the record books.