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1:33 PM PDT · June 11, 2026
For once, SpaceX is up of schedule: Elon Musk’s abstraction and AI conglomerate officially confirmed that it has raised $75 cardinal from the merchantability of its shares to its underwriters, who are acceptable to statesman selling the institution connected the Nasdaq banal speech Friday.
SpaceX’ priced its ‘s 555.6 cardinal shares were priced astatine $135 each, the institution said successful an update connected its website. That makes SpaceX officially the largest IPO successful history, easy eclipsing the $24.9 cardinal successful funds raised by Saudi Aramco during its 2019 nationalist markets debut. At this price, the woody besides looks acceptable to marque Musk the world’s archetypal trillionaire.
The company, officially known arsenic Space Exploration Technologies Corp., volition commercialized nether the SPCX ticker symbol.
As progressive trading gets underway tomorrow, SpaceX’s stock terms whitethorn descend oregon rise. But anecdotal reports suggest that large organization investors and idiosyncratic buyers are lining up to acquisition shares successful the 24-year-old exertion company.
If the merchantability is arsenic over-subscribed arsenic the talkative bankers marque it retired to be, they person an enactment to bring an further 83.3 cardinal shares to market, which would rise different $11 cardinal astatine the company’s opening price.
Hyperliquid, a crypto betting markets that attempts to connection synthetic vulnerability to SpaceX stock, currently prices the shares astatine $167, suggesting that marketplace participants expect a classical 20% IPO popular connected the archetypal time of trading.
In the longer term, determination are large unfastened questions astir however SpaceX volition beryllium capable to warrant its eye-popping valuation. The company’s outstanding engineering projects, from the world’s largest reusable rocket to an caller American spot fab, capable up a daunting to-do list.
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Tim Fernholz is simply a writer who writes astir technology, concern and nationalist policy. He has intimately covered the emergence of the backstage abstraction manufacture and is the writer of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Space Race. Formerly, helium was a elder newsman astatine Quartz, the planetary concern quality site, for much than a decade, and began his vocation arsenic a governmental newsman successful Washington, D.C. You tin interaction oregon verify outreach from Tim by emailing tim.fernholz@techcrunch.com oregon via an encrypted connection to tim_fernholz.21 connected Signal.
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