SpaceX IPO becomes largest in history; shares surge 30% on first day
SpaceX started trading on Nasdaq, raising $75 billion in the largest IPO ever. Shares opened at $150 and rose 30% by midday.
SpaceX's initial public offering has become the largest in history. The company priced 555.6 million shares at $135 each, raising $75 billion. At this valuation, CEO Elon Musk is set to become the world's first trillionaire.
Shares began trading on Nasdaq at an opening price of $150, an 11% increase from the IPO price. During midday trading, the stock surged 30%. Trading volume was heavy, and Robinhood reported record-breaking traffic.
In an interview with CNBC, SpaceX COO Gwynne Shotwell mentioned that a merger between SpaceX and Tesla "might make Elon's life a little easier," fueling speculation.
Financial Highlights
According to the S-1 filing, SpaceX lost $4.9 billion on revenue of over $18 billion in 2025. Total losses since inception exceed $37 billion. Elon Musk holds 85.1% of voting power. An estimated 4,400 SpaceX employees could become millionaires from the IPO.
Pre-IPO, SpaceX secured major compute deals: Anthropic will pay xAI $1.25 billion per month, and Google will pay $920 million per month.
