SpaceX (NASDAQ: SPCX) began trading on the Nasdaq on June 12, 2026. The company raised $75 billion in the largest Initial Public Offering in history. The offering initially valued the firm at approximately $1.75 trillion. A significant debut jump pushed the total market capitalization over $2 trillion.
This IPO provides public investors direct access to Elon Musk’s space, satellite, and AI conglomerate. The listing follows a merger with his xAI startup earlier in the year.
Early backers including Founders Fund, Valor Equity Partners, Sequoia Capital, and DFJ Growth realized paper gains in the tens of billions. Institutional investors Alphabet, Fidelity, and Andreessen Horowitz also stand to benefit. The event is expected to create thousands of new millionaires among current and former employees.