After lots of speculation, SpaceX has gone public and shattered every record in the book.

On June 11, 2026, Elon Musk’s space and AI company officially priced its shares at $135 each. The company raised a jaw-dropping $75 billion from the sale. 

That makes SpaceX‘s debut the largest IPO in history, by a mile. For context, Saudi Aramco previously held that record after raising $24.9 billion in 2019. SpaceX nearly tripled that.

Numbers 

SpaceX sold 555.6 million shares at $135 each. The company will trade on the Nasdaq under the ticker symbol SPCX.

The deal was oversubscribed, four times over. That means investors wanted four times more shares than were actually available. 

That kind of demand is almost unheard of for any IPO, let alone the biggest one ever. 

Because of that overwhelming interest, SpaceX’s underwriters now have the option to release an additional 83.3 million shares. 

If they do, that would bring in another $11 billion on top of the $75 billion already raised.

Breaking Rules

Most companies price their IPO shares after a roadshow. They travel around, pitch to big investors, and then settle on a number. SpaceX did things differently.

The company tested its $135 target price with investors before the official roadshow even started. That’s unusual; it’s almost like showing your answer before the test begins.

And yet, it worked. Investors lined up, and the demand poured in. Trading kicks off Friday on Nasdaq. Already, crypto prediction market Hyperliquid is pricing SpaceX shares at $167. 

That suggests many market participants are betting on a first-day “IPO pop” of around 20%. Whether that happens remains to be seen.  

Elon Musk

Elon Musk owns just under 850 million Class A shares, each carrying one vote. He’s also entitled to 5.6 billion Class B shares, which carry ten votes each. 

A portion of those, about one billion shares, are tied to an ambitious milestone: getting one million people to live on Mars in a SpaceX colony. 

At the IPO price, Musk’s stake makes him the wealthiest person who has ever lived. He stands to become the world’s first trillionaire as a result of this offering.

Musk isn’t the only one walking away with life-changing wealth. Antonio Gracias, the founder and CEO of Valor Management, will receive 503.4 million shares. 

At the IPO price, his position is worth nearly $68 billion. SpaceX board member Luke Nosek owns 33 million shares. 

COO Gwynne Shotwell, who has helped run SpaceX for decades, holds nearly 12.6 million shares. 

Then there are the roughly 400 venture capital firms that backed SpaceX over the past 24 years. 

The company raised about $40 billion in private capital during that time. Many of those early backers are now sitting on massive returns.

Regular Investors

A large group of smaller investors also backed SpaceX through special purpose vehicles, or SPVs. 

These are pooled investment structures that let individuals access private companies they normally couldn’t invest in.

Those investors are set to see strong returns too. There’s a catch, though. Because of how these vehicles are structured, many won’t know the exact size of their gains for several months.

Post-IPO lock-up periods mean they’ll have to wait before they can fully assess what they’ve earned.

SpaceX

With a valuation this large, the pressure is on. SpaceX has a long list of ambitious projects that still need to be delivered. The company is developing the world’s largest reusable rocket. 

It’s also working on a new American semiconductor fabrication facility, a chip fab, that would put it in competition with some of the biggest names in tech.

These are not small bets. They’re massive, expensive, and uncertain. Investors will be watching closely to see whether SpaceX can execute.    

Still, the company has already proven skeptics wrong more times than most people can count. It landed reusable rockets when people said it couldn’t. 

It became the backbone of NASA’s astronaut program. It built a global satellite internet network.

SpaceX’s track record earns it some benefit of the doubt. But public markets are unforgiving. And $75 billion in expectations is a very heavy load to carry.