SpaceX has captured the eye of media, traders, and the general public for years now — curiosity propelled by the corporate’s reusable rocket launches, the rise of its Starlink satellite tv for pc community, and naturally, for its founder and CEO Elon Musk.
However in its 24-year historical past, nothing fairly compares to this preliminary public providing. Everybody appears to be , and maybe it’s due to the sheer measurement of this IPO. The corporate priced its 555.6 million shares at $135 every to boost $75 billion, making it the biggest IPO in historical past. At this worth, the deal additionally seems to be set to make Musk the world’s first trillionaire.
TechCrunch has adopted SpaceX’s begin, struggles, and successes from the early days. And we’re right here for what occurs subsequent too. This text might be regularly up to date with the entire newest SpaceX IPO information.
The most recent on the SpaceX IPO
SpaceX shares opened at $150 on the Nasdaq public change, an 11% pop for essentially the most anticipated debut in historical past. And it has continued to rise. The shares maintain rising too (which we’ll replace right here). In noon buying and selling, SpaceX shares soared 30%. SpaceX shares closed at $160.95, up 19%.
There was heavy buying and selling quantity, as anticipated. Robinhood mentioned it has seen “record-breaking traffic on its buying and selling platform within the hours after SpaceX’s historic public markets debut.
SpaceX COO Gwynne Shotwell was interviewed by CNBC on Friday and among the many many fascinating feedback she made, right here is one which may get the eye of Tesla shareholders. At one level within the interview, Shotwell said a “merger between SpaceX and Tesla may make Elon’s life slightly simpler.”
Among the many winners are the banks, which have introduced in about $500 million in complete charges. The large winners are Goldman Sachs and Morgan Stanley, per the WSJ.
Musk took to X, the social media firm he owns, to share his appreciation of SpaceX staff because the inventory rose. “I really like the unbelievable individuals of SpaceX past phrases,” he wrote Friday afternoon. He additionally reposted quite a lot of SpaceX IPO associated posts, together with a photograph of insiders all wearing green shoes in what seems to be a nod to “the inexperienced shoe choice.” It is a provision in an IPO underwriting settlement that lets underwriters to promote as much as 15% extra shares than initially deliberate if demand is powerful.
To get a deeper look into what occurred as we speak, and all of the far-ranging implications of SpaceX now being a publicly traded firm, Senior Reporter Sean O’Kane and AI Editor Russell Brandom sat down for a particular episode of our Fairness podcast, which you can listen to right here or through your podcast participant of selection, or queue it up on YouTube here.
How one can observe the SpaceX IPO
With an providing this massive, there may be quite a lot of monetary equipment working behind the scenes — so the primary query is simply when the inventory makes it to the market to start out buying and selling. SpaceX is debuting on Nasdaq and you’ll see the official Nasdaq itemizing here, which can have the worth of report as quickly as there may be one. Nasdaq additionally has video of the SpaceX crew ringing the bell, if that’s your factor.
However the worth is simply a part of the image. For essentially the most up-to-the-minute data, your greatest wager remains to be monetary press shops like Bloomberg and CNBC, each of which have liveblogs operating and can have shut protection of any hiccups that occur in getting the inventory to market.
The SpaceX IPO, by the numbers
Right here we take a look at among the larger numbers, the consequential figures, and the eyewatering quantities that make up the corporate’s S-1 type.
For example, SpaceX misplaced $4.9 billion on revenues of over $18 billion in 2025. That’s solely a fraction of the greater than $37 billion misplaced since SpaceX’s inception.
As CEO, Elon Musk holds about 85.1% of the corporate’s voting energy. You’ll be able to learn extra about that within the subsequent part “Who wins and who doesn’t” — and we’ll proceed to drop fascinating numbers in right here.
Right here is one other determine that caught our consideration… 4,400. That’s the variety of SpaceX staff who may develop into millionaires, according to the NYT.
Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Fairness podcast weighs in on the IPO.
Who wins and who doesn’t
SpaceX is the world’s largest IPO in historical past and means a giant payday for some traders, staff, and naturally, Elon Musk.
Elon Musk becomes the world’s first trillionaire after SpaceX’s historic IPO: The SpaceX IPO has boosted Musk’s paper wealth to greater than $1,000,000,000,000 at a time when he’s extra hated — and highly effective — than ever.
How Elon Musk will increase his power through the SpaceX IPO: Musk, who can have greater than 50% of the voting energy, can have a monarchical grip over the publicly traded model of SpaceX — management that goes far past what different tech founders take pleasure in.
Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle: Elon Musk has the biggest stake in SpaceX by billions of shares, however others additionally stand to win. Right here’s the rundown of who owns what.
SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift: After SpaceX makes its public debut, lower-tier SPV traders face hidden charges, prolonged payout delays, and the chance of outright fraud.
What’s within the S-1
The S-1 registration document gave the world an unprecedented look inside SpaceX, together with its financials and its numerous companies. The S-1 continued to be amended because the IPO date approached, and we have been on it. Here’s what we discovered.
The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center: The contents of the SpaceX IPO particulars a enterprise dominated by its Starlink satellite tv for pc web providing, greater than $37 billion in losses, and future enterprise prospects by way of its xAI division.
Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket take a look at flight delivered two large information factors that supply a sensible imaginative and prescient for the approaching years — and one that will disappoint each the corporate’s boosters and its critics.
SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The corporate added new language to its S-1, a warning to potential traders {that a} main dilution could possibly be within the playing cards after it goes public.
Pre-IPO offers and occasions
Main as much as the IPO, SpaceX locked in a string of offers, largely promoting off compute to enhance its steadiness sheet.
Anthropic will pay xAI $1.25B per month for compute: Preliminary protection of the Anthropic deal on Might 20.
How long is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk retains downplaying the period of SpaceX’s contract with Anthropic.
Google will pay SpaceX $920M per month for compute: A Google consultant described the deal as a short-term deal addressing surprising demand for its just lately launched AI merchandise.
This text initially revealed at 10 am ET, June 12, 2026. It has been up to date with new protection of the SpaceX IPO, share worth, and different associated occasions.
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