SpaceX Blasts Onto Nasdaq in Record $75 Billion IPO That Could Make Elon Musk History's First Trillionaire

SpaceX priced its IPO Thursday night at $135 a share, debuting on the Nasdaq under the ticker SPCX. The offering raised more than $75 billion, easily outranking previous record-holder Saudi Aramco's $29.4 billion debut in 2019. The company placed in the top 10 of Wall Street's biggest companies with a valuation of just under $1.8 trillion — ahead of Tesla, Meta, and Walmart. The record IPO is a testament to Musk's continued investor support, with the offering more than four times oversubscribed. SpaceX planned to offer 30% of the IPO to everyday investors through retail brokerages such as Fidelity, E-Trade, Charles Schwab, and SoFi. A successful debut could make Musk history's first trillionaire. While SpaceX is growing fast — revenue hit $18.7 billion in 2025 — it is also losing money, posting a net loss of $4.9 billion, mainly on AI spending. SpaceX is also the first among leading AI giants to go public, with OpenAI and Anthropic both recently filing initial documents with regulators.