SpaceX IPO: Live updates on everything you need to know

SpaceX, the aerospace company founded by Elon Musk, has made history with the largest initial public offering (IPO) ever. The company priced 555.6 million shares at $135 each, successfully raising an impressive $75 billion. This monumental debut on the Nasdaq exchange saw shares open at $150, soaring 11% above the offering price, and closed the day at $160.95, marking a 19% increase. The IPO has propelled Elon Musk's personal wealth, making him the world's first trillionaire. This event underscores the immense market interest in SpaceX's ventures, including its reusable rockets and the Starlink satellite network.

Industry insiders and financial institutions have also reaped significant rewards from this historic IPO. Banks involved in the offering, particularly Goldman Sachs and Morgan Stanley, collectively earned an estimated $500 million in fees. Furthermore, the IPO has created numerous millionaires among SpaceX employees, with an estimated 4,400 individuals achieving this milestone. The high trading volume on platforms like Robinhood also highlights the widespread public interest and participation in this record-breaking market event.

Despite the groundbreaking success of the IPO, SpaceX's financial filings reveal a complex picture. The company reported a loss of $4.9 billion on revenues exceeding $18 billion in 2025, contributing to over $37 billion in losses since its inception. These figures offer investors a deeper understanding of the company's financial landscape as it continues to pursue ambitious projects like the Starship program and expand its Starlink internet services. Notably, Elon Musk retains a substantial 85.1% of the company's voting power, maintaining significant control over its strategic direction.

Looking ahead, discussions regarding a potential merger between SpaceX and Tesla have emerged, with SpaceX COO Gwynne Shotwell suggesting it could simplify Elon Musk's operational responsibilities. Such a consolidation would undoubtedly create a formidable entity across the aerospace, automotive, and artificial intelligence sectors, further cementing Musk's influence in global technology and innovation.