SpaceX is public: Everything you need to know post-IPO

SpaceX recently completed the largest IPO in history, raising $75 billion by pricing 555.6 million shares at $135 each. This landmark event propelled founder Elon Musk to become the world's first trillionaire, highlighting the immense market anticipation for the company. The IPO's success is attributed to SpaceX's innovations in reusable rockets, the expansion of its Starlink satellite network, and Musk's prominent leadership.

On its opening day, SpaceX shares, trading on Nasdaq, soared. They debuted at $150 and closed at $160.95, marking a 19% increase. By the afternoon, shares had climbed over 15% to $186.15, demonstrating robust investor confidence and significant trading volume.

The IPO has created numerous beneficiaries. Around 4,400 SpaceX employees are poised to become millionaires. Investment banks, particularly Goldman Sachs and Morgan Stanley, collectively earned approximately $500 million in fees. Elon Musk, however, remains the primary winner, retaining about 85.1% of the company's voting power and solidifying his control over the newly public entity.

Musk expressed his gratitude to SpaceX employees on X (formerly Twitter) amidst the stock's ascent. Speculation also arose regarding a potential merger between SpaceX and Tesla, following comments from SpaceX COO Gwynne Shotwell, suggesting such a move could simplify operations for Musk.

Despite its financial successes, SpaceX reported a loss of $4.9 billion on revenues exceeding $18 billion in 2025. This contributes to over $37 billion in losses since the company's inception. The S-1 filing detailed these financials and provided insights into the company's AI ventures and Starship ambitions, further underscoring the complexities and high stakes of its operations.