Key facts
- SpaceX priced its IPO at $135 per share.
- SpaceX raised $75 billion in its funding round.
- SpaceX's IPO valuation is approximately $1.75 trillion, later surpassing $2 trillion.
- SpaceX shares trade on Nasdaq under the ticker SPCX.
- SpaceX shares began trading on June 12, 2026.
- Elon Musk projects SpaceX could reach $1 trillion in annual revenue by 2030.
- Hancock Prospecting invested over $1 billion in SpaceX.
- Ark Invest purchased over $500 million in SpaceX shares.
- SpaceX's market capitalization now exceeds Tesla's.
- SpaceX's IPO closed up 19% on its first day of trading.
- Mirae Asset Securities apologized for failing to secure SpaceX IPO allocation.
SpaceX has successfully priced its initial public offering (IPO) at $135 per share, raising $75 billion and valuing the company at approximately $1.75 trillion. Shares began trading on Nasdaq under the ticker symbol SPCX on June 12, 2026. Elon Musk has projected that SpaceX could achieve over $1 trillion in annual revenue by 2030, a forecast made shortly after the company's IPO valuation surpassed $2 trillion. This valuation makes SpaceX the sixth most valuable U.S.-listed company, exceeding Tesla's $1.52 trillion valuation and intensifying speculation about a potential merger between the two Elon Musk-led entities.
Significant investment flowed into SpaceX during its IPO. Australian billionaire Gina Rinehart's Hancock Prospecting invested over $1 billion, citing confidence in SpaceX's AI and space infrastructure potential, with reports suggesting an immediate 20% return on investment. Ark Invest also purchased more than $500 million worth of SpaceX shares, reportedly funded by selling existing positions. The syndicate managing the $75 billion funding round is set to earn $500 million in fees, marking the largest fees ever for a public offering.
Despite the strong financial backing and high valuation, investor sentiment is divided. While some investors point to SpaceX's technological leadership and recurring revenue streams as justification for its valuation, others express concerns about its high market capitalization relative to near-term profitability. The company's IPO debuted strongly, closing up 19% on its first day of trading.
Mirae Asset Securities has issued an apology to its investors for failing to secure an allocation of SpaceX shares during the IPO. The brokerage, which served as one of the underwriters, was excluded from the final allocation by the U.S. lead underwriter.