SpaceX Launches Record IPO at $135, Valuing Company at $1.77 Trillion

On June 12, 2026, SpaceX priced its initial public offering (IPO) at $135 per share, selling 555.6 million shares to raise $75 billion. This transaction values the company at approximately $1.77 trillion, making it the largest IPO to date, surpassing Saudi Aramco’s previous record of $30 billion in 2019. SpaceX's stock will commence trading on Nasdaq under the ticker symbol SPCX.

SpaceX operates three main business segments: its launch services, Starlink satellite internet, and an artificial intelligence (AI) division known as xAI. The launch division generated about $4 billion in revenue in 2025, handling roughly 85% of global satellite launches. Starlink, which provides internet services globally and has more than 10 million subscribers in 164 countries, is the company’s most profitable segment, contributing approximately $11.4 billion to the top line. In contrast, xAI, which became part of SpaceX through a merger earlier in 2026, has incurred substantial costs, leading to a net loss of $4.9 billion in 2025 despite total revenues of about $18.7 billion. This reflects how SpaceX’s Starlink earnings are financing its more ambitious projects in rocket technology and AI, which might take years to yield significant returns.

Additionally, SpaceX holds a sizable Bitcoin investment of 18,712 BTC, valued at around $1.2 billion, further linking it to the cryptocurrency market as it transitions into its new public form.

As the company starts trading, observers will be keen to see how the stock performs on its first day and whether it aligns with early trading valuations on platforms like Hyperliquid, which reported early pricing around $177. The performance of SpaceX shares may provide insights into market sentiment towards tech-driven investments in the current economic environment.