Key facts
- SpaceX's IPO priced 555.6 million shares at $135 each.
- The IPO raised $75 billion, setting a new historical record.
- Elon Musk became the world's first trillionaire.
- Shares opened on Nasdaq at $150 and closed the first day at $160.95.
- SpaceX reported a $4.9 billion loss on over $18 billion in revenue for 2025.
- Elon Musk holds about 85.1% of the company's voting power.
SpaceX has successfully completed its initial public offering, pricing 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history and elevating Elon Musk to the status of the world's first trillionaire.
On its first day of trading on the Nasdaq, SpaceX shares opened at $150, an 11% increase from the IPO price. The stock continued to climb, reaching $186.15 by 2:30 pm ET and closing at $160.95, a 19% gain for the day, accompanied by record trading volumes on platforms like Robinhood.
Financially, the company reported a loss of $4.9 billion on revenues exceeding $18 billion in 2025, with cumulative losses surpassing $37 billion since its inception. Elon Musk retains significant control, holding approximately 85.1% of the company's voting power, while an estimated 4,400 employees stand to become millionaires.
Pre-IPO, SpaceX secured substantial compute deals, including a $1.25 billion monthly contract with Anthropic and a $920 million monthly contract with Google. The company's S-1 filing revealed its financial standing, business operations, and future prospects, including its Starlink satellite internet service and AI ventures.
In other developments, SpaceX COO Gwynne Shotwell hinted at a potential merger between SpaceX and Tesla, and investment banks like Goldman Sachs and Morgan Stanley earned substantial fees from the IPO.