A rocket company just broke Wall Street. SpaceX priced its initial public offering at $135 per share on the Nasdaq under the ticker SPCX, raising $75 billion and claiming the title of the largest IPO in history.
Shares surged nearly 20% on the first day of trading.
The listing values SpaceX somewhere between $1.78 trillion and $2 trillion. And Elon Musk, who controls nearly 50% of the company, watched his net worth cross $1 trillion on paper, making him the first person to ever reach that milestone.
From confidential filing to historic debut
SpaceX filed confidentially with the SEC in April 2026, then released a public prospectus in May outlining the full scope of its business: rockets, satellite internet via Starlink, and artificial intelligence capabilities.
