SpaceX is now worth more than $2 trillion. After pricing its IPO at $135 per share on June 3, 2026, targeting a valuation of roughly $1.77 trillion, shares began trading around June 12 and promptly surged as much as 17% on debut. That pop pushed the company’s market capitalization past the $2 trillion mark, placing it firmly in the ultra-exclusive mega-cap club alongside Apple, Microsoft, Nvidia, and a handful of others.
The biggest IPO ever, and it’s not close
The offering raised approximately $75 billion, making it the largest IPO in US history. For context, Saudi Aramco’s 2019 debut raised around $25.6 billion. SpaceX nearly tripled that figure.
The path to this moment accelerated considerably in February 2026, when SpaceX merged with Elon Musk’s AI venture xAI. That combination valued the merged entities at approximately $1.25 trillion, setting the stage for the IPO just months later.
At its current valuation of roughly $2.12 trillion, SpaceX has overtaken Tesla in market capitalization. Tesla was valued at around $1.6 trillion at the time of the xAI merger. Musk retains significant voting power post-IPO, and the listing reportedly makes him the world’s first trillionaire on paper.
