SpaceX Makes History with Largest IPO Ever

SpaceX priced shares at $135 on June 11, 2026, raising $75 billion and reaching a valuation near $1.77 trillion in what is now the largest initial public offering in history.

According to TechCrunch, the company placed 555.6 million shares and debuted Friday, June 12, on Nasdaq under the ticker SPCX. Bloomberg Linea reports the offering exceeded Saudi Aramco's 2019 debut, previously the record-holder, by more than three times. Retail demand surged past $100 billion in accumulated orders, with significant participation from BlackRock and other institutional funds. SpaceX negotiated an unusually high allocation of shares to retail investors, a condition approved by the U.S. Securities and Exchange Commission.

Starlink and Space Operations

SpaceX designs and operates the Falcon 9 rocket, Falcon Heavy, and the developing Starship system, alongside the Starlink network. In 2025, Starlink reported $11.4 billion in revenue and 10.3 million subscribers across 164 markets. The company operates Starlink in Mexico under a 2021 concession from the Federal Institute of Telecommunications (IFT) and serves rural areas in at least 22 states. SpaceX is also pursuing diversification into orbital data centers, artificial intelligence capabilities, and lunar cargo services under NASA contracts.

What Comes Next

Share price performance over coming weeks will serve as a bellwether for future public offerings of private space companies and satellite manufacturers. The next milestone is first-quarter earnings, scheduled for August, when Starlink will report audited revenue as a public company for the first time.

FAQ

**What was SpaceX's IPO price?**

$135 per share. SpaceX placed 555.6 million shares and raised $75 billion on June 11, 2026, per TechCrunch and Bloomberg Linea.

**Which exchange did SpaceX list on?**

Nasdaq, under ticker SPCX. The operation, valued at $1.77 trillion, surpasses Saudi Aramco's historic 2019 debut.

**What is SpaceX's presence in Mexico?**

Starlink has operated in Mexico since 2021 under an IFT concession and serves rural areas in at least 22 states.

Sources