SpaceX just did what SpaceX does: break records. The aerospace company priced its IPO at $135 per share, sold 555.6 million shares, and raised $75 billion in the process. That’s the largest initial public offering in history, dethroning Saudi Aramco’s 2019 record that many assumed would stand for a generation.
Shares began trading on NASDAQ under the ticker SPCX on June 12, opening at $150, an 11% pop from the offering price. By the time early trading sessions settled, the stock had climbed 20-30% from its IPO price, pushing SpaceX’s valuation to roughly $1.77 trillion and making it the seventh-most valuable public company in the US.
The numbers behind the monster listing
Retail investors were a major part of the story. SpaceX targeted around 30% of its allocation toward retail, a notably generous slice for a deal of this magnitude. The demand backed up that decision: retail orders alone reportedly exceeded $100 billion, meaning the retail tranche was massively oversubscribed.
The pricing itself told a story of disciplined underwriting. At $135 per share, the banks left enough room for a meaningful first-day pop without leaving obscene amounts of money on the table. The $150 open represented a clean 11% gain, the kind of outcome that keeps both the company and its new shareholders reasonably happy.
