Key facts
- Ark Invest purchased over $500 million in SpaceX shares on its IPO day.
- SpaceX's IPO raised $75 billion, making it the largest in history.
- SpaceX shares opened at $150 on the Nasdaq and closed at $160.95.
- SpaceX reported a $4.9 billion loss on $18 billion in revenue for 2025.
SpaceX's initial public offering on the Nasdaq exchange was a landmark event, with the company raising $75 billion by pricing 555.6 million shares at $135 each, making it the largest IPO in history. The shares opened trading at $150, an 11% increase, and continued to climb, closing the day at $160.95, a 19% gain. Ark Invest was a significant participant, acquiring over $500 million worth of shares, reportedly funded by selling other positions.
Interest in SpaceX has been high due to its reusable rocket technology, the development of its Starlink satellite network, and its founder Elon Musk. Despite the successful IPO, SpaceX reported a net loss of $4.9 billion on revenues of over $18 billion in 2025. Elon Musk retains approximately 85.1% of the company's voting power.
During an interview, SpaceX COO Gwynne Shotwell suggested a potential merger between SpaceX and Tesla could simplify Musk's operations. Investment banks, including Goldman Sachs and Morgan Stanley, earned substantial fees from the IPO. Musk expressed his appreciation for SpaceX employees on X, the social media platform he owns.