SpaceX reaches $2.5T valuation after record-shattering IPO, becomes 6th largest public company

SpaceX has officially entered the pantheon of the world’s most valuable public companies. After completing what is now the largest initial public offering in history, the aerospace and satellite internet giant sits at a market capitalization that places it sixth among all publicly traded US companies, trailing only Nvidia, Alphabet, Apple, Microsoft, and Amazon.

The company priced its IPO at $135 per share on June 11-12, 2026, raising approximately $75 billion in the process. To put that in perspective, the previous record-holder for largest IPO, Saudi Aramco, raised $25.6 billion back in 2019. SpaceX nearly tripled that.

From $135 to $161 in a single day

The stock opened at $150, already an 11% premium over the IPO price. By market close, shares had climbed to around $161, pushing SpaceX’s market capitalization above $2 trillion.

The surge had a particularly notable consequence for one individual. Elon Musk, who already held the title of world’s richest person, became the world’s first trillionaire following the stock’s debut performance.

Earlier in 2026, Musk orchestrated a merger between SpaceX and his artificial intelligence venture, xAI. That deal valued the combined entity at approximately $1.25 trillion, effectively bundling advanced AI capabilities with SpaceX’s existing rocket manufacturing and Starlink satellite internet operations under one corporate umbrella.

A valuation trajectory that defied gravity

As of December 2024, SpaceX’s valuation sat at roughly $350 billion. Pre-IPO targets then ballooned to over $1.75 trillion, reflecting both the xAI merger and surging investor demand for allocation.

Analysts had previously projected an enterprise value of around $2.5 trillion for SpaceX by 2030, based on various growth scenarios for Starlink subscriber expansion, government launch contracts, and the eventual commercialization of Mars-related ambitions.

For crypto-native investors watching from the sidelines, one detail stands out: the IPO had no reported connection to digital assets whatsoever. No token launch, no blockchain-based share settlement, no crypto treasury strategy. This was a thoroughly traditional equity event.

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