SpaceX (SPCX) completed the largest Initial Public Offering in history on June 12, 2026. The company raised $75 billion during its market debut.
Shares priced at $135 opened at $150 and closed at $160.95. This 19% first-day surge pushed the company's valuation past $2 trillion.
Retail investors requested more than $70 billion in shares. The offering allocated a larger-than-usual portion to individual buyers.
The valuation makes Elon Musk the world’s first trillionaire. Analysts view the debut as a major test of investor appetite for high-growth tech and AI ventures.