Key facts
- SpaceX's IPO raised $75 billion, setting a new record for the largest initial public offering.
- The company began trading on the Nasdaq under the ticker SPCX.
- SpaceX shares closed up 19% on their first day of trading.
- The IPO valued SpaceX at approximately $1.77 trillion, with its market capitalization exceeding $2 trillion.
- Elon Musk's net worth surpassed $1 trillion following the IPO.
SpaceX's initial public offering has become the largest in history, raising $75 billion and valuing the rocket company at approximately $1.77 trillion. The company's stock began trading on the Nasdaq under the ticker SPCX, opening at $150 per share and surging as much as 30% to $176.52 before closing up 19% at $160.95.
Following the strong market debut, SpaceX's market capitalization vaulted above $2 trillion, positioning it among the world's most valuable publicly traded companies. The IPO also propelled CEO Elon Musk's net worth past $1 trillion.
The successful launch of SpaceX's IPO is seen as a potential template for future mega IPOs, with companies like OpenAI and Anthropic reportedly planning to go public in 2026. The offering significantly surpassed previous record-holders, including Enel, Visa, NTT DOCOMO, and General Motors.