STARBASE, Texas — June 15, 2026
STARBASE, Texas — Space Exploration Technologies Corp. ("SpaceX") (Nasdaq: SPCX) today announced the closing of its initial public offering of an aggregate 638,888,888 shares of its Class A common stock, including the full exercise by the underwriters of their overallotment option to purchase an additional 83,333,333 shares of Class A common stock from SpaceX.
The issuance of all shares closed on June 15, 2026, bringing the gross proceeds from the initial public offering to SpaceX to approximately $85.7 billion. The shares of Class A common stock began trading on the Nasdaq Global Select Market and Nasdaq Texas on June 12, 2026, under the ticker symbol "SPCX."
The offering was priced at $135.00 per share. At the close of first-day trading, SpaceX achieved a market valuation exceeding $2.1 trillion — the largest IPO in history. Founder and CEO Elon Musk became the world's first trillionaire based on his equity stake across SpaceX, Tesla, xAI, and other holdings.
Founded in 2002, SpaceX is the only company building integrated hardware and software infrastructure across space, connectivity, and AI. At its core, SpaceX designs, manufactures, launches, and operates the world's most advanced rockets and spacecraft, including the reusable Falcon 9, Dragon crew and cargo vehicles, the Starlink satellite constellation, and Starship — the next-generation heavy-lift vehicle designed for Mars colonization.
Media: media@spacex.com
Investors: investors@spacex.com