SpaceX kicked off trading under ticker SPCX on the Nasdaq on June 12, 2026, following a record-shattering $75 billion IPO — the largest public offering in stock market history. The company priced 555.6 million Class A shares at $135 each on Thursday night, implying a market capitalization of roughly $1.75 trillion. That ranks SpaceX as approximately the seventh largest company in the United States, edging out Tesla.
Demand for the offering was extraordinary. Retail investors placed orders exceeding $100 billion — four times what was available — prompting SpaceX to allocate roughly 30% of shares to retail buyers, far above the 5–10% typical for large IPOs. The previous record-holders, Saudi Aramco ($29 billion in 2019) and Alibaba ($22 billion in 2014), were surpassed by more than double.
The valuation rests largely on Starlink, SpaceX's satellite internet division, which now serves 10 million subscribers and generated $10 billion in revenue in 2025. The company also holds Elon Musk's xAI unit and a dominant position in commercial space launch. SpaceX's market debut marks a milestone for private space and AI ventures accessing public capital.