SpaceX Completes Historic $85.7 Billion IPO, Becomes Fifth-Most Valuable Company

SpaceX went public on June 12, 2026, completing the largest initial public offering in history. The company priced 555.6 million shares at $135 each, initially raising $75 billion, which subsequently ballooned to $85.7 billion. Shares opened at $150 on the Nasdaq exchange, representing an 11% pop on debut day, and continued climbing throughout trading, closing at $160.95, up 19% from the IPO price. By mid-June, SpaceX stock had climbed an additional 20%, propelling the company's valuation to $2.7 trillion and making it the fifth-most valuable company in the world, surpassing Amazon.

The IPO generated unprecedented investor interest, with Robinhood reporting "record-breaking traffic" on its trading platform in the hours following SpaceX's market debut. Investment banks captured approximately $500 million in total fees from the offering, with Goldman Sachs and Morgan Stanley as the largest beneficiaries. The listing marked a watershed moment for the aerospace company, which has built its reputation on reusable rocket technology and the expanding Starlink satellite network under the leadership of founder and CEO Elon Musk.

Following the IPO, SpaceX announced plans to acquire Cursor for $60 billion in stock just days after going public. Musk expressed his appreciation for SpaceX employees via his social media platform X, writing "I love the incredible people of SpaceX beyond words." In remarks to CNBC, SpaceX Chief Operating Officer Gwynne Shotwell suggested a potential merger between SpaceX and Tesla could simplify Musk's operational responsibilities, generating immediate speculation among investors about future consolidation between the two companies.

The company's path to this milestone came after 24 years of operations marked by both struggles and significant technological achievements. Trading volume remained exceptionally heavy throughout the debut period, reflecting the widespread anticipation and interest in the offering. The IPO underwriters exercised the "green shoe option," which permits them to sell up to 15% additional shares beyond the initially planned amount when demand is particularly strong.