Friday, June 12, 2026

SpaceX debuts on Nasdaq in largest IPO in history

SpaceX

SpaceX began trading on the Nasdaq under ticker SPCX on June 12 after pricing its IPO at a fixed $135 per share, selling 555.6 million Class A shares to raise roughly $75 billion at a valuation near $1.77 trillion - the largest public offering ever, eclipsing Saudi Aramco's 2019 record. Demand was extraordinary, with reported total interest above $250 billion and an unusually large retail allocation of up to 30% of shares. The listing crystallizes the value of Starlink, which generated $3.26 billion in Q1 2026 revenue serving 10.3 million subscribers, while Elon Musk retains roughly 82% voting control.