SpaceX's $75B IPO makes history, Musk first trillionaire
Shares popped 19% on debut, with 4,400 employees set to become millionaires.
SpaceX has officially gone public after 24 years as a private company, marking the largest IPO in history. The company priced 555.6 million shares at $135 each, raising $75 billion. On its Nasdaq debut, shares opened at $150, an 11% pop, and continued climbing to close at $160.95 — a 19% gain for the day. Heavy trading volume followed, with Robinhood reporting record-breaking traffic. The offering made CEO Elon Musk the world's first trillionaire on paper, and an estimated 4,400 SpaceX employees now hold shares that could make them millionaires.
During a CNBC interview, COO Gwynne Shotwell suggested that a merger between SpaceX and Tesla "might make Elon's life a little easier," stirring speculation. Banks Goldman Sachs and Morgan Stanley collected roughly $500 million in fees. Musk celebrated the milestone on X, praising his team. The IPO also triggered a "green shoe" over-allotment option, allowing underwriters to sell up to 15% more shares. Despite $4.9 billion in losses for 2025 on $18 billion revenue, investor demand remained insatiable. SpaceX is now the most valuable public company ever at its debut.
- SpaceX raised $75B by pricing 555.6M shares at $135 — the largest IPO ever.
- Stock opened at $150 and hit $160.95 at close, a 19% gain on day one.
- COO Gwynne Shotwell floated a possible SpaceX-Tesla merger in a CNBC interview.
Why It Matters
SpaceX's public listing reshapes space investment and vaults Musk to trillionaire status, unlocking capital for Mars missions.