SpaceX completes record-breaking ipo on Nasdaq

On June 12, 2026, the aerospace company SpaceX officially debuted on the Nasdaq stock exchange under the ticker symbol SPCX. The company raised $75 billion in the largest initial public offering (IPO) in history, surpassing the previous record held by Saudi Aramco. Shares were priced at $135 each, valuing the firm at approximately $1.77 trillion. Following the trading debut, reports indicate that Elon Musk has become the first person in history to reach a net worth exceeding $1 trillion. The offering saw high demand, with subscriptions exceeding available shares by a factor of four. While the company has historically reported a cumulative deficit of $41.3 billion since its inception in 2002, investor confidence remains focused on its future in space exploration and AI. Elon Musk and COO Gwynne Shotwell participated in the opening bell ceremony, with Musk attending from Texas and Shotwell at the Nasdaq headquarters in New York. Analysts note that market volatility may persist as the stock adjusts to public supply and demand.