Elon Musk's SpaceX officially began trading on the NASDAQ stock exchange on Friday, June 12, 2026, under the ticker symbol SPCX. The event marked the largest initial public offering in history, with the company raising $75 billion by selling 555.6 million shares at $135 each.
A Historic Market Debut
The listing ceremony featured SpaceX President and COO Gwynne Shotwell ringing the opening bell at the Nasdaq MarketSite in New York City, while Elon Musk participated remotely from Texas. The IPO values SpaceX at approximately $1.77 trillion, positioning it as the seventh most valuable U.S. company, surpassing Tesla, Musk's electric vehicle manufacturer.
Financial Milestones and Future Plans
Speaking on a JPMorgan Chase livestream before the IPO, Musk revealed that SpaceX has been cash-flow positive since around 2015. He explained that going public now will provide capital for "a significant growth phase," which includes plans to deploy over 100,000 satellites for communications and build artificial intelligence data centers in space.
SpaceX, originally founded as a reusable rocket manufacturer, now generates its only profitable revenue from the Starlink satellite internet division. The company acquired Musk's startup xAI in February 2026, bringing with it data centers, Grok AI models, and the social network X (formerly Twitter).
Financial Background
According to its prospectus, SpaceX has accumulated a total deficit of $41.3 billion since its founding in 2002. Despite this, the company's valuation and IPO success underscore its dominant position in the aerospace and satellite communications industry.
