Key facts
- SpaceX's IPO raised $85.7 billion, the largest in history.
- Elon Musk became the world's first trillionaire following the IPO.
- SpaceX shares opened on the Nasdaq at $150, an 11% increase from the IPO price.
- The company reported a loss of $4.9 billion on revenue of over $18 billion in 2025.
- Elon Musk holds approximately 85.1% of SpaceX's voting power.
- SpaceX announced a $60 billion stock acquisition of Cursor.
SpaceX has successfully completed its initial public offering, raising $85.7 billion and becoming the largest IPO in history. The company's shares debuted on the Nasdaq exchange on June 12, opening at $150, an 11% increase from its IPO price of $135. This valuation surge has made Elon Musk, the company's founder and CEO, the world's first trillionaire.
Following the IPO, SpaceX's valuation ballooned to $2.7 trillion, positioning it as the fifth-most valuable company globally. The company reported a net loss of $4.9 billion on revenues exceeding $18 billion for 2025, with cumulative losses since inception surpassing $37 billion. Elon Musk retains significant control, holding approximately 85.1% of the company's voting power.
In a significant post-IPO development, SpaceX announced its intention to acquire Cursor for $60 billion in stock. The company has also secured substantial compute-for-payment deals, with Google agreeing to pay $920 million monthly and Anthropic committing $1.25 billion monthly to xAI, Musk's artificial intelligence venture, for compute services.
SpaceX's S-1 filing revealed details about its business, including its Starlink satellite internet offering and future prospects through its xAI division. The company also warned investors about potential future dilution. Trading volume on platforms like Robinhood saw record-breaking traffic after the debut. SpaceX COO Gwynne Shotwell hinted at a potential merger between SpaceX and Tesla, which could simplify Elon Musk's operations.