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A rocket company just broke Wall Street. SpaceX priced its initial public offering at $135 per share on the Nasdaq under the ticker SPCX, raising $75 billion and claiming the title of the largest IPO in history.
Shares surged nearly 20% on the first day of trading.
The listing values SpaceX somewhere between $1.78 trillion and $2 trillion. And Elon Musk, who controls nearly 50% of the company, watched his net worth cross $1 trillion on paper, making him the first person to ever reach that milestone.
From confidential filing to historic debut
SpaceX filed confidentially with the SEC in April 2026, then released a public prospectus in May outlining the full scope of its business: rockets, satellite internet via Starlink, and artificial intelligence capabilities.
Musk’s pre-IPO net worth sat at approximately $780 billion, according to Forbes. The first-day surge added more than $220 billion to that figure, catapulting him past a threshold that seemed theoretical just a few years ago.
What SpaceX’s valuation says about the market
SpaceX generated enough demand to raise $75 billion in a single offering. For comparison, Saudi Aramco’s 2019 IPO raised about $25.6 billion and held the previous record. SpaceX didn’t just break that record. It tripled it.
What investors should actually be watching
Analysts have already flagged governance concerns, which is Wall Street’s polite way of saying that a company where one person holds nearly half the equity and also runs Tesla, xAI, and a social media platform might face some oversight questions.
Post-IPO volatility is another factor worth considering. First-day pops of 20% are exciting for early investors, but they also raise questions about whether the offering was priced correctly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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