SpaceX Raises Record $75B in IPO, Valued at $1.77T

SpaceX sold 555.6 million shares at 135 dollars each in its initial public offering, raising 75 billion dollars and placing a market value on the company of roughly 1.77 trillion dollars. The listing on the Nasdaq under the ticker SPCX ranks among the largest ever and immediately positions the firm as one of the ten most valuable public companies in the United States.

Chief executive Elon Musk holds a stake that analysts estimate will push his net worth past one trillion dollars once trading begins. The company reported that it has been cash-flow positive since around 2015, with its Starlink satellite internet service providing the main source of current profits. SpaceX has also integrated its recent acquisition of xAI, adding data centers and artificial intelligence models to its portfolio of launch vehicles, reusable rockets, and orbital communications systems.

President and chief operating officer Gwynne Shotwell said the timing for going public now aligns with the completion of operational building blocks that allow the firm to manage quarterly reporting while pursuing long-term projects. She noted that earlier plans had envisioned waiting until regular Mars missions were underway, yet current revenue streams and infrastructure support the shift. Shotwell pointed to synergies between SpaceX and Tesla but said immediate focus remains on expansion rather than any combination of the two firms.

Demand for shares extended beyond direct buyers. Stocks tied to SpaceX operations, including EchoStar and AST SpaceMobile, saw sharp increases in trading volume and price as investors sought indirect exposure ahead of the debut. Exchange-traded funds focused on space ventures also faced elevated interest, tightening available supply in those proxy instruments.

The offering sells only about 5 percent of total shares, leaving the bulk of ownership with existing stakeholders. Musk retains 85.1 percent of voting power, a structure that some observers have described as concentrating authority while others view it as preserving the decision-making approach that drove repeated reductions in launch costs and expanded satellite coverage to underserved regions.

SpaceX accumulated a cumulative deficit of 41.3 billion dollars since its founding in 2002, a figure that reflects heavy capital spending on development. The company plans to deploy more than 100,000 satellites for communications and to construct data centers in orbit as part of its growth phase. These steps follow the pattern of private capital directing resources toward projects that have already lowered the price of access to space and delivered broadband connectivity where traditional infrastructure lagged.

Market participants will determine whether the 135-dollar opening price holds or adjusts once trading starts. Prior analyst targets have ranged above that level, reflecting expectations tied to Starlink scale and emerging AI applications. The listing adds SpaceX to major indices, meaning passive funds will acquire shares in proportion to its weighting and thereby spread ownership across retirement accounts without requiring individual selection.