SpaceX officially began trading on the Nasdaq Global Select Market on Friday under the ticker symbol SPCX, priced at $135 per share. The offering of 555 million Class A shares is set to raise approximately $75 billion, placing SpaceX's total valuation between $1.75 trillion and $1.8 trillion at debut.
The IPO smashes every previous record, surpassing Saudi Aramco's 2019 listing of $35.4 billion. Investor demand was extraordinary, with total orders exceeding $250 billion and retail interest alone topping $100 billion. Goldman Sachs led the deal, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase as co-underwriters.
SpaceX granted underwriters a 30-day option to purchase up to 83.3 million additional shares at the IPO price, which could push total proceeds to $86.25 billion. The offering is scheduled to close on June 15.
The listing comes amid a wave of major tech IPO activity, with OpenAI also having filed a confidential S-1 with the SEC earlier this month. SpaceX's public debut marks a defining moment for Elon Musk's space venture and the broader tech IPO market in 2026.