Key facts
- SpaceX priced its shares at $135 in its initial public offering.
- The IPO raised $75 billion, making it the largest in history.
- SpaceX stock began trading on the Nasdaq under the ticker SPCX.
- Shares surged 30% by midday trading on their debut.
- SpaceX's valuation has surpassed $2.2 trillion.
- Elon Musk became the world's first trillionaire following the IPO.
- Over 4,400 SpaceX employees became millionaires.
- SpaceX disclosed holdings of 18,712 Bitcoin, valued at $1.29 billion.
- BlackRock acquired $882 million in SpaceX stock through ETFs.
- ARK Invest purchased nearly $530 million in SpaceX shares.
- SpaceX plans to allocate up to 30% of its shares to retail investors.
- Kraken is offering tokenized shares (SPCXX) backed 1:1 by underlying stock.
SpaceX has executed the largest initial public offering in history, pricing its shares at $135 and raising a total of $75 billion. The company's stock began trading on the Nasdaq under the ticker SPCX, opening at $150 and surging 30% by midday, eventually closing up 19% at $160.95. This debut has propelled SpaceX's valuation past $2.2 trillion, with some reports valuing it near $2.3 trillion and others around $1.77 trillion. The successful IPO has made founder Elon Musk the world's first trillionaire, with his net worth approaching $1.1 trillion, significantly surpassing other tech rivals. The event has also created over 4,400 millionaires among SpaceX employees, with some estimates suggesting over 400 individuals could become centimillionaires. Wealth advisors are cautioning these new millionaires about managing sudden wealth, including taxes and fees.
Major institutional investors have made substantial commitments to SpaceX. BlackRock acquired approximately $882 million in SpaceX stock through various exchange-traded funds, with the iShares AI Innovation and Tech Active ETF being the largest contributor at over $451 million. ARK Invest, led by Cathie Wood, purchased nearly $530 million in shares across four of its ETFs, including a significant investment from ARKK. Retail investor interest is also exceptionally high, with demand reportedly double the available shares, and SpaceX plans to allocate up to 30% of its shares to retail investors. Crypto exchange Kraken is offering eligible customers a chance to register interest in the IPO, providing access via tokenized shares (SPCXX) backed 1:1 by the underlying stock.
In a notable disclosure ahead of its IPO, SpaceX revealed holdings of 18,712 Bitcoin, valued at $1.29 billion as of March 31, 2026. The company classifies this Bitcoin reserve as strategic, not core to its business model. This move aligns with a broader trend, as Michael Saylor noted that 25% of the 'Mag8' group of major technology firms now hold Bitcoin on their balance sheets, with SpaceX and Tesla together holding over 30,000 BTC. Investor Kevin O’Leary defended SpaceX's valuation, attributing it to the company's future potential and Elon Musk's track record. However, some, like Uday Kotak, have questioned the valuation, calling the IPO a "mega bubble" test, while others express confidence in SpaceX's dominance in rocket technology and its potential for future space-based data centers.