SpaceX on Friday launched its long-awaited Wall Street debut after completing a historic initial public offering that raised more than $75 billion, setting a new record for the largest IPO ever.
The listing marks a major milestone for the aerospace company founded by billionaire entrepreneur Elon Musk, whose ambitious plans for space exploration and artificial intelligence have attracted strong investor interest.
Shares of the company began trading on the Nasdaq under the symbol “SPCX,” with market observers closely watching demand for the stock following reports that the offering was heavily oversubscribed.
The IPO valued SpaceX at nearly $1.8 trillion, placing it among the world's most valuable publicly traded companies and ahead of several established corporate giants.
Addressing employees and supporters at the company’s Starbase facility in Texas, Musk said SpaceX remains focused on its long-term mission of expanding humanity’s presence beyond Earth.
He expressed confidence that the company would eventually achieve its goal of transporting people to the Moon, Mars and other destinations in space.
The company sold more than 555 million shares at $135 each, while additional allotment options could increase total proceeds from the offering to more than $86 billion.
Founded in 2002, SpaceX has grown from a private rocket manufacturer into a diversified technology enterprise with interests spanning satellite communications, space transportation and artificial intelligence.
Its Starlink satellite internet network has become a major component of the business, while the integration of Musk’s artificial intelligence venture, xAI, has expanded the company’s footprint in the rapidly growing AI sector.
The successful public offering is expected to encourage other major technology and AI firms to pursue stock market listings, with investors increasingly seeking exposure to companies driving innovation in emerging industries.
Industry analysts say enthusiasm for the IPO reflects confidence in SpaceX’s growth potential, particularly in satellite services, artificial intelligence and future commercial space ventures.
The offering is also expected to generate significant wealth for employees and early investors who backed the company during its years as a privately held enterprise.
However, some analysts have urged caution, noting that the company’s lofty valuation is tied to ambitious long-term projects that remain under development.
Financial disclosures show that SpaceX generated $18.7 billion in revenue in 2025 but posted a net loss of $4.9 billion as it continued to invest heavily in infrastructure, research and AI expansion.
Despite those concerns, investor appetite remained strong, with reports indicating that demand for shares far exceeded supply.
The landmark listing further cements Musk’s position at the center of the global technology industry and could significantly boost his personal fortune if SpaceX’s market value continues to climb in the years ahead.
With its Wall Street debut now underway, investors will be watching closely to see whether SpaceX can translate its bold vision into sustained financial performance and deliver on its promise of reshaping the future of technology and space exploration.
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