Overview
- SpaceX priced its IPO at $135 a share, sold roughly 555.6 million Class A shares and began trading on Nasdaq under the ticker SPCX on Friday, June 12, 2026, raising about $75 billion.
- Underwriters hold an option to sell about 83 million more shares, which could lift total proceeds above $86 billion if exercised within the usual 30-day window.
- The public filing shows 2025 revenue of about $18.7 billion and a net loss near $4.9 billion, with Starlink as the company’s primary revenue and profit engine while AI and launch programs drive heavy capital spending.
- The offering preserves concentrated founder control, leaving Elon Musk with roughly 82–85% of voting power and sharply increasing the paper value of his stake to near or past the $1 trillion mark in some estimates.
- Market mechanics and demand raise near-term stakes: the IPO was about four times oversubscribed with large institutional orders, a large retail allocation, and recent fast‑entry index rules that could force sizable passive‑fund buying and amplify early volatility; watch for how index inclusion, retail flows and underwriter choices shape trading in the weeks ahead.