• SpaceX (SPCX) completed the largest IPO in history, raising about $75 billion at $135 per share, with shares opening at $150 on Nasdaq under the ticker SPCX.
  • The listing values the company at roughly $1.77 trillion, making it one of the world's most valuable firms and signaling strong investor appetite for integrated space-tech and AI platforms.
  • The IPO marks SpaceX's transition from private to public ownership, potentially unlocking capital for aggressive growth in Starlink, launch services, and AI initiatives.

Shares of SpaceX began trading on the Nasdaq on Tuesday at $150 apiece, surging from an IPO price of $135, after the company raised a record $75 billion in its initial public offering. The debut cements SpaceX as a top-tier public company with a market capitalization of approximately $1.77 trillion, surpassing expectations and underscoring the market's enthusiasm for visionary tech platforms.

The IPO, the largest in history by proceeds, saw strong demand from institutional and retail investors alike, despite a backdrop of volatile equity markets. “This listing is a watershed moment for capital markets,” said one analyst, speaking on condition of anonymity. “SpaceX is not just a rocket company — it’s a multi-sector titan spanning aerospace, satellite broadband, and artificial intelligence.”

The company, led by Elon Musk, priced the offering at $135 per share late Monday, after originally targeting a range of $120 to $140. The strong opening suggests investors are betting on SpaceX’s ability to dominate the rapidly expanding space economy, with its Starlink satellite network already serving over 2 million subscribers globally and its Falcon 9 rocket fleet setting records for launch cadence.

SpaceX’s public listing follows years of speculation and multiple delays. The company disclosed in its prospectus a focus on scaling Starlink, developing the Starship rocket, and integrating xAI technologies — a agenda that has captivated both growth investors and defense analysts. “The IPO gives us a clear path to fund our long-term vision,” Musk said in a statement, though he did not appear at the opening bell.

The listing also reshapes the competitive landscape for aerospace and AI firms. Industry peers such as Blue Origin and ULA may face pressure to accelerate their own public-market or funding plans, while satellite broadband rivals like OneWeb and Amazon’s Project Kuiper now confront a better-capitalized Starlink. “SpaceX’s valuation sets a new benchmark for the sector,” said a managing director at a major investment bank. “It reinforces that investors are willing to pay a premium for execution and market share.”

Regulatory scrutiny remains a factor. The IPO proceeds amid ongoing debates over export controls, national security reviews of Starlink’s global footprint, and spectrum allocations. But many experts view SpaceX’s federal contracting relationships as a stabilizing influence. “The company has deep ties with NASA and the Pentagon, which gives it a unique moat,” noted a space policy analyst.

Employees and early backers are now poised to realize significant gains. The offering created a wave of wealthy insiders, with Musk retaining a substantial stake worth over $200 billion based on the opening price. “This changes the game for our team,” a SpaceX engineer told Reuters. “We’ve been working toward this for years.”

Market watchers are already turning to the next wave of mega-IPOs, with OpenAI and Anthropic reportedly preparing offerings later this year. “SpaceX has broken the logjam,” said a capital markets strategist. “If the market can absorb a $75 billion deal, it can absorb others.”

Correction: An earlier version of this article misstated the IPO price range. The range was $120 to $140, not $125 to $145.