Initial public offering of SpaceX

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The initial public offering (IPO) of SpaceX, an American aerospace and artificial intelligence company founded by Elon Musk in 2002, occurred on June 12, 2026. It was the largest ever IPO, at a valuation of US$1.77 trillion. On the first trading day, the company reached a market capitalization of about $2.1 trillion, positioning SpaceX as the sixth most valuable U.S.-listed firm. This valuation and the quantity of stock retained by Musk made him the first and only US dollar trillionaire, but it was highly controversial. By late July 2026, SpaceX shares had fallen approximately 50% from their peak reached during the week after the IPO, causing Musk to lose his trillionaire status. The IPO raised $86 billion for the company's long-term ambitions, including building orbital artificial intelligence (AI) infrastructure to meet computing needs for xAI, a SpaceX subsidiary. The company chose to be listed on Nasdaq with the ticker symbol SPCX after securing a rule change allowing its early inclusion...

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