On June 12, 2026, the most anticipated stock market debut in years finally arrived: SpaceX went public. Trading under the ticker SPCX on the Nasdaq, Elon Musk's rocket company didn't just list — it rewrote the record books, raising roughly $75 billion in the largest initial public offering in history and surging on its first day.
By the closing bell, SpaceX was worth more than $2 trillion, and Musk's stake had reportedly pushed his net worth past the trillion-dollar mark. Here's the full breakdown of a genuinely historic day.
The News in Brief
- Ticker: SPCX on the Nasdaq, first traded June 12, 2026.
- IPO price: $135 per share, ~555.6 million shares sold.
- Raised: about $75 billion — the largest IPO ever, roughly 3× the previous record.
- Day one: opened at $150 (+11%), closed near $161 (+19%).
- Valuation: priced near $1.75T; closed above $2 trillion.
The Numbers
The scale of this offering is hard to overstate. Here are the figures that define it.
| Metric | Figure |
|---|---|
| Ticker / exchange | SPCX / Nasdaq |
| IPO price | $135 per share |
| Shares offered | ~555.6 million (+83.3M underwriter option) |
| Amount raised | ~$75 billion (largest IPO ever) |
| IPO valuation | ~$1.75 trillion |
| Day-one close | ~$161 (+19%) |
| Closing valuation | $2 trillion+ |
| Retail allocation | Up to ~30% (well above the usual 5–10%) |
To put $75 billion in perspective: it's about three times the size of the previous largest IPO on record. SpaceX didn't edge past the record — it shattered it.
| Largest IPOs in history | Year | Amount raised |
|---|---|---|
| SpaceX (SPCX) | 2026 | ~$75 billion |
| Saudi Aramco | 2019 | ~$25.6 billion |
| Alibaba | 2014 | ~$25 billion |
| SoftBank Corp. | 2018 | ~$23.5 billion |
How Day One Played Out
After pricing at $135 the night before, SPCX opened at $150 — already up about 11% — and kept climbing through the session, briefly pushing the company's valuation past $2 trillion within the first hour. It closed near $161, up roughly 19% from the IPO price.
Notably, SpaceX set aside an unusually large slice of the offering — up to about 30% — for retail investors, far above the typical 5–10%. That gave everyday investors a rare chance to buy into one of the most closely watched private companies in the world on day one, and helped drive enormous demand.
Musk Becomes a Trillionaire — on Paper
Elon Musk retains majority voting control and a substantial equity stake in SpaceX. As the share price jumped, the value of that stake soared with it, pushing his total net worth past $1 trillion — widely reported as making him the world's first trillionaire.
A trillion-dollar net worth is a measure of the market value of Musk's holdings — not cash in the bank. If SPCX falls, so does the headline.
It's a milestone worth contextualizing: paper wealth like this rises and falls with the stock. Still, crossing the trillion-dollar line is a symbolic first, and early backers shared in the windfall — venture firm Founders Fund's roughly 3% stake is now reportedly worth $50 billion or more.
Why Starlink Is the Real Story
Rockets capture the imagination, but Starlink — SpaceX's satellite internet business — is what investors are really buying. Starlink generated about $11.4 billion in revenue in 2025, up roughly 48% year over year, and now accounts for the majority of SpaceX's total revenue.
That matters because Starlink is a recurring-revenue business: millions of subscribers paying every month for internet access, growing fast, with global reach that's hard for rivals to replicate. Reusable rockets give SpaceX a cost advantage in launching satellites; Starlink turns that advantage into a steady, scalable income stream. Together they form the financial logic behind the trillion-dollar-plus valuation.
What It Means
- A new benchmark. At $75 billion raised and a $2T+ valuation, SpaceX instantly becomes one of the largest public companies on Earth and resets expectations for what a tech IPO can be.
- A retail moment. The unusually large retail allocation let ordinary investors participate in a debut usually reserved for institutions.
- Pressure on rivals. The success underscores SpaceX's dominance in launch and satellite internet, raising the stakes for competitors — including Jeff Bezos's ventures (see our piece on Bezos's $12B Prometheus).
- Volatility ahead. A first-day pop is not a guarantee. Public markets will now scrutinize SpaceX's launch cadence, Starlink growth, and Starship progress every quarter.
Frequently Asked Questions
What is SpaceX's stock ticker and where does it trade?
SpaceX trades on the Nasdaq under the ticker symbol SPCX. It began trading on June 12, 2026 after pricing its IPO at $135 per share.
How much did SpaceX raise in its IPO?
SpaceX raised about $75 billion by selling roughly 555.6 million shares at $135 each, with underwriters holding an option for about 83.3 million more. That makes it the largest IPO in history — roughly three times the size of the next-largest ever.
What was SpaceX's valuation after the IPO?
SpaceX priced at a valuation of about $1.75 trillion. After the stock opened at $150 and closed up around 19% near $161 on its first day, its market value climbed past $2 trillion, ranking it among the most valuable companies in the world.
Did the SpaceX IPO make Elon Musk a trillionaire?
On paper, yes. Musk retains majority voting control and a large equity stake in SpaceX, and the surge in its public valuation pushed his net worth past $1 trillion, widely reported as making him the world's first trillionaire — though that figure reflects the market value of his holdings, not cash.
How important is Starlink to SpaceX's value?
Very. Starlink, SpaceX's satellite internet business, generated about $11.4 billion in revenue in 2025 — up roughly 48% year over year — and made up the majority of SpaceX's total revenue. Its fast-growing, recurring subscription income is central to how investors justify the company's enormous valuation.
Final Thoughts
SpaceX's debut is the rare IPO that lives up to the hype — a record haul, a first-day surge, and a symbolic new milestone in personal wealth. But the spectacle shouldn't distract from the fundamentals: this is a bet on reusable rockets and, above all, on Starlink's recurring revenue continuing to compound.
Now that it's public, SpaceX trades on expectations every single day. The launches that once made headlines will now be measured against earnings, guidance, and growth. We'll keep tracking the biggest moves in tech — from historic IPOs to Apple's WWDC 2026 and the fast-moving AI industry. Bookmark SaveDelete for clear, no-hype coverage.