Overview
- SpaceX completed its initial public offering on June 12, 2026, selling more than 555 million shares at $135 each and raising about $75 billion.
- Shares opened near $150 and climbed into the $160–$170 range on the first day, driving reported market capitalizations into roughly the $1.7–$2.1+ trillion band.
- Elon Musk owns less than half the capital but retains more than 80% of voting rights through a dual‑class structure, a setup that has prompted Senator Elizabeth Warren and others to call for SEC scrutiny.
- Analysts noted that the headline valuation outpaces SpaceX’s current revenues and pointed to a near‑$5 billion loss in 2025 and materially higher debt, which could make the stock volatile for new retail and institutional holders.
- Market firms warn the scale of this IPO, together with planned listings by Anthropic and OpenAI, could exceed market capacity in 2026 and affect trading infrastructure, index inclusion and retail investor exposure.