New York, 11 June 2026
SpaceX, the Texas-based space company founded by Elon Musk, raised approximately $75 billion (€64.8 billion) in an initial public offering on Thursday evening, marking the largest IPO in history and propelling the company to a debut valuation of $1.77 trillion on the Nasdaq.
Record-breaking offering
SpaceX confirmed the sale of approximately 555.6 million shares at an issue price of $135 on Thursday evening. According to the company's announcement, the IPO proceeds amounted to roughly $75 billion, surpassing the previous record set by Saudi Arabian oil company Aramco, which raised just over $29 billion in 2019. The shares issued in the offering represent just under 5% of SpaceX's total shares, the company said.
At a valuation of $1.77 trillion based on the IPO price — and approximately $1.8 trillion at recent trading levels — SpaceX enters the ranks of the ten most valuable companies in the world. On debut, the company was valued higher than Meta, the parent of Facebook, and the price-to-sales ratio makes it the most expensive stock in the Nasdaq 100 by a wide margin. The issued shares make SpaceX "die mit Abstand teuerste Firma im Technologie-Index Nasdaq 100," according to the German-language reporting on the deal.
Elon Musk, who owns more than 40% of SpaceX, became the first person with a wealth exceeding $1 trillion on paper as a result of the listing, measured by the combined value of his SpaceX and Tesla holdings. Musk will retain full control of the company after the IPO through a voting share of more than 80%, a structure based on multiple-vote shares. He has promised not to sell any of his own shares in the first year after the IPO.