SpaceX completes historic Nasdaq listing with strong first-day gains
SpaceX's record-breaking Nasdaq IPO is now complete with strong opening-day trading performance.
Event / Economy
SpaceX IPO and Acquisitions
SpaceX's public offering and subsequent corporate acquisitions in AI and technology sectors
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2026-08-16 to 2026-11-13 · UTC publication dates
Coverage begins 11 Jun, 08:37 UTC
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What happened
Trump administration eliminated USAID through Department of Government Efficiency
During early 2025, the Department of Government Efficiency (DOGE), led by Elon Musk, eliminated the US Agency for International Development (USAID). The agency, which previously worked on global public health initiatives, was dismantled as part of the Trump administration's cost-cutting measures.
Elon Musk's net worth exceeds $1 trillion following SpaceX IPO
Following SpaceX's IPO pricing at $135 per share, Elon Musk's net worth crossed $1 trillion, making him the world's first trillionaire. Musk owns approximately 42% of SpaceX (4.8 billion shares) and 350 million stock options, giving him a stake valued at approximately $648 billion from the IPO alone. His total net worth is estimated between $1.005 trillion and $1.1 trillion, depending on his other holdings including Tesla shares and various investments.
SpaceX priced its initial public offering at $135 per share
SpaceX set its IPO price at $135 per share on Friday, June 12, 2026. The shares began trading on the Nasdaq under the ticker symbol "SPCX". The stock price rose above the initial offering price during trading, reaching prices as high as $176.52 per share during the first day of trading.
SpaceX merged with xAI artificial intelligence company
Earlier in 2026, SpaceX merged with xAI, an artificial intelligence company led by Elon Musk that offers the chatbot Grok. The merger combined SpaceX's aerospace operations with xAI's AI capabilities under a single corporate structure.
Approximately 4,400 SpaceX employees could become millionaires from IPO
About 4,400 SpaceX workers are positioned to become millionaires following the company's initial public offering, based on employee stock holdings and options.
SpaceX raises $75 billion in IPO, achieving $1.77 trillion valuation
SpaceX's initial public offering raised $75 billion and valued the company at approximately $1.77 trillion, making it the largest IPO on record. The company's stock price movement during the first day of trading reflected strong investor demand, with shares reaching $176.52 at one point before settling at higher levels than the initial $135 offering price.
Starlink satellite internet serves 160 countries
Starlink, SpaceX's satellite internet constellation subsidiary, provides internet service to users in 160 countries and offers in-flight internet access for multiple airlines. The service generated $11.4 billion in revenue and represents a significant portion of SpaceX's business.
SpaceX achieved $18.7 billion in revenue in 2025
SpaceX reported revenue of $18.7 billion in 2025, representing a 33% increase compared to 2024. Nearly a quarter of this revenue came from Starlink, SpaceX's satellite internet service. However, the company reported a loss of $4.9 billion in 2025 despite the revenue growth.
Public health models project significant mortality increase from USAID elimination
A tracker co-created by Boston University professor Brooke Nichols projected over 780,000 deaths, primarily of children and infants, resulting from USAID cuts in early 2025. Deaths were projected to result from reduced prevention efforts for malaria, tuberculosis, HIV, and other diseases. Additional research published in Nature projected 163,500 child deaths annually from the USAID cuts, with estimates in The Lancet suggesting millions of additional deaths could occur in subsequent years.
Elon Musk positioned to become world's first trillionaire from SpaceX IPO
Following SpaceX's IPO pricing, Elon Musk is on the verge of becoming the world's first trillionaire. Musk will control 84% of SpaceX's voting power after the IPO and cannot sell shares until one year after trading begins. His wealth could increase further if he meets performance-based conditions tied to stock price reaching $7.5 trillion valuation, completing non-Earth-based data centers, and establishing a permanent human colony on Mars with at least 1 million inhabitants.
SpaceX prices shares at $135 in record $75 billion IPO
SpaceX priced 555.56 million shares at $135 per share, raising $75 billion in the largest initial public offering in history. The company will trade on the Nasdaq under the ticker symbol SPCX with trading beginning on Friday, June 12, 2026.
Alphabet raises $85 billion in equity offering amid wave of major tech IPOs
Alphabet Inc. conducted an $85 billion equity offering, contributing to a wave of major public equity offerings from technology firms. The influx of public equity raises questions about whether there is sufficient investor demand to meet the incoming supply.
Veteran short-seller questions SpaceX valuation as hopes-and-dreams IPO
James Chanos, founder of Chanos & Co., criticized SpaceX's IPO as driven by enthusiasm for Elon Musk and artificial intelligence rather than company fundamentals, noting SpaceX has yet to post a profit. Chanos argued that speculative narratives about Mars colonies, moon factories, and space data centers could justify any valuation given the unlimited addressable market for space.
Retail investors place over $100 billion in orders for SpaceX shares
Retail traders placed more than $100 billion in orders for SpaceX stock, exceeding the 20% of shares reserved for retail participation, demonstrating strong demand from individual investors in Elon Musk's fanbase.
Crypto market prices SpaceX shares at $167, predicting 20% first-day IPO pop
Hyperliquid, a crypto betting market offering synthetic exposure to SpaceX stock, priced shares at $167, suggesting market participants expect a typical 20% price increase on the first day of trading. Polymarket data showed 84% probability the IPO closes above its offering price and 46% probability it rises more than 20%.
SpaceX achieves $1.77 trillion valuation, seventh largest US public company
SpaceX's IPO pricing values the company at $1.77 trillion, making it the seventh largest US-listed company by market capitalization, ranking ahead of major firms including JPMorgan Chase, Berkshire Hathaway, Meta Platforms, and Tesla.
Anthropic and OpenAI expected to pursue IPOs seeking over $1 trillion valuations
Anthropic and OpenAI, two major AI competitors of SpaceX, are expected to go public as soon as 2026 and could seek valuations exceeding $1 trillion each. The performance of SpaceX's stock is expected to be closely monitored by Silicon Valley venture capitalists as a bellwether for investor appetite for mega-cap AI company IPOs.
SpaceX IPO becomes largest in history, surpassing Saudi Aramco's 2019 offering
SpaceX's $75 billion IPO surpasses the previous record held by Saudi Aramco's December 2019 offering of $24.9-25.6 billion. In inflation-adjusted terms, Aramco's offering was valued at approximately $33.2 billion at a $2.21 trillion valuation.
SpaceX IPO would value company at approximately 1.8 trillion dollars
The IPO valuation would place SpaceX at approximately 1.8 trillion dollars, or 1.562 trillion euros. This represents a record valuation in market history, significantly larger than comparable tech companies at their IPO debut, such as Amazon at 438 million dollars in 1997 or Microsoft at 777 million dollars in 1986.
SpaceX plans initial public offering on Nasdaq for 75 billion dollars
SpaceX, the aerospace company owned by Elon Musk, plans to conduct an initial public offering on Friday, June 12, on the Nasdaq, aiming to raise 75 billion dollars. This would be the largest IPO ever conducted, surpassing the previous record set by Saudi Aramco's 25.6 billion euro fundraising. The company plans to sell over 555 million shares at 135 dollars each, representing only 4 percent of SpaceX's total capital.
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2 alternative perspectives
SpaceX acquires AI coding assistant Cursor for $60 billion
SpaceX acquires AI coding assistant Cursor for $60 billion, integrating it with xAI's data center resources.
Tesla's 20,000% return offers cautionary benchmark for SpaceX investors
Tesla's 20,000% return since 2010 sets historical bar for SpaceX IPO long-term gains.
SpaceX IPO Faces Valuation Questions and Governance Concerns
SpaceX's post-IPO losses and valuation gap raise concerns about governance concentration and pricing.
Musk reaches trillion-dollar net worth milestone after SpaceX IPO surge
Musk becomes world's first trillionaire with $1.1-1.2 trillion net worth after SpaceX IPO surge.
SpaceX IPO closes at $150, stock surges 19 percent on debut
SpaceX IPO closes at $150, surges 19% on first trading day.
SpaceX IPO creates 4,400 employee millionaires through equity compensation
SpaceX IPO positioned 4,400 employees to become millionaires through equity compensation.
SpaceX IPO triggers selloff in satellite communications competitors
SpaceX's IPO prompted significant stock declines among competing satellite communications companies.
SpaceX maintains Musk control with dual-class shares in public markets
SpaceX's dual-class shares keep Musk in control despite going public at $1.77 trillion valuation.
SpaceX IPO surges past pricing as investor demand shatters records
SpaceX shares surge past IPO price amid record $320 billion investor demand.
SpaceX consolidates xAI merger ahead of record IPO debut
SpaceX merged with xAI, consolidating aerospace and AI operations before its record $1.77 trillion IPO.
Musk's net worth exceeds $1 trillion following SpaceX IPO
Musk's net worth exceeds $1 trillion following SpaceX's record-breaking IPO at $1.77 trillion valuation.