SpaceX holds largest IPO in history and debuts on stock exchange with $1.77 trillion valuation. SpaceX listed shares on Nasdaq and raised $75 billion. The company became the seventh most valuable in the US. The funds will be invested in developing satellites and AI centers in space.
SpaceX has officially begun trading on the Nasdaq under the ticker SPCX, conducting the largest IPO in history. The company raised $75 billion by selling 555.6 million shares at $135 each. After the listing, SpaceX’s market capitalization reached $1.77 trillion, making it the seventh most valuable company in the US, even surpassing Tesla.
Company head Elon Musk and SpaceX President Gwynne Shotwell marked the start of trading in different cities: Musk was in Texas, while Shotwell attended the Nasdaq ceremony in New York. According to the company, the funds from the IPO will be used for a massive expansion: launching over 100,000 communication satellites and building artificial intelligence data centers in orbit.
In its SEC filings, SpaceX clarified that only its Starlink division, providing satellite internet, remains profitable. The main part of the business, including rocket manufacturing, has yet to deliver steady profits. In February 2026, SpaceX acquired Elon Musk's startup xAI, gaining access to data centers, Grok AI models and chatbot, as well as the X social network (formerly Twitter).
After the listing, Musk retained control of 82.4% of SpaceX's voting shares, but cannot sell his stake for one year. After 366 days following the IPO, these restrictions will be lifted and he will be able to dispose of his shares at his discretion. The company is officially classified as “controlled,” since there is no independent majority on the board of directors. About 911 million insider shares will be unlocked two days after SpaceX’s first earnings report.
According to CNBC, the underwriting banks will earn about $500 million in commissions from the offering. Investors are also given the opportunity to purchase an additional 83.3 million shares within 30 days after the IPO, which could increase the company’s capitalization. The funds raised are expected to accelerate the development of heavy Starship rockets, which are still being tested and have not yet become fully reusable, as well as to enable the construction of a Terafab chip manufacturing plant together with Tesla and Intel in Texas.
SpaceX was founded in 2002 and has since accumulated a deficit of $41.3 billion. Despite this, the company remains a leader in commercial launches and satellite technologies. According to open sources, demand for Starlink services has been growing in recent years, and both institutional and individual investors are showing interest in SpaceX shares. The SpaceX offering could impact the dynamics of the US tech sector and intensify competition in the space services market.
