Updated Jun 12, 2026 – 9.35am, first published at 9.00amMarkets have been on tenterhooks for this week’s mammoth initial public offering of Elon Musk’s SpaceX, which raised nearly as much capital as the previous three biggest IPOs in history combined.The billionaire’s rocket, artificial intelligence, and satellite internet company is the first of the so-called “mega-cap” AI IPOs that are destined for Wall Street over the next year. Market pundits say the watershed moment will be remembered for its departures from convention as much as its size.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Here’s how SpaceX stacks up against the biggest IPOs in history
The listing of Elon Musk’s rocket and AI company – of which 30 per cent on offer will go to retail investors – has shattered the world’s previous record.
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