Overview
- SpaceX, which priced its IPO at $135 on June 11–12, sold about 555.6 million shares to raise roughly $75 billion and has seen its market capitalization climb into the $2.5–$2.8 trillion range in the days since the listing.
- Underwriters exercised the overallotment option after the offering, lifting total proceeds to about $85.7–$86.2 billion according to company disclosures.
- The offering drew overwhelming interest from institutions and retail investors, with reports of institutional oversubscription and a material retail allocation that prompted heavy buying and caused capital to flow out of smaller space and related stocks.
- SpaceX’s public filings show 2025 revenue near $18.7 billion and a GAAP net loss driven by big AI and capital spending, while CEO Elon Musk has publicly suggested the company could reach roughly $1 trillion in revenue by 2030.
- Options trading has begun and the stock is set for fast‑track inclusion in major indexes (Nasdaq 100, FTSE Russell June 26, MSCI June 29), which will force passive funds to buy shares and is likely to keep price swings and sector spillovers elevated in the near term.