Total capital raised
$75 billion
IPO share price
$135
Opening day price
$160.95 (plus 19.2%)
Peak intraday price
$225.64 on June 16
Valuation at IPO
$1.77 trillion
Musk voting power after offering
82.4%
Musk lockup period
366 days (no early sales)
$75billion raised in a single offering
SpaceX broke from tradition with a take-it-or-leave-it fixed price of $135, rather than setting a range and pricing on demand. It also directed 30 percent of shares to retail investors, three to six times the industry norm. Both moves were deliberate signals about who Musk wanted as long-term holders.
Starlink drove the story behind the numbers. The satellite internet arm generated $11.4 billion in 2025 revenue, up 50 percent year on year, and accounted for 61 percent of total company revenue. The IPO was, in large part, a bet on Starlink's global subscriber growth continuing at pace.
"We believe the next step in the journey of human civilization is the establishment of a self-sustaining city on Mars.
"SpaceX S-1 prospectus · May 2026
The previous record holder was Saudi Aramco, which raised $29.4 billion in its 2019 IPO. SpaceX surpassed that by $45.6 billion in a single morning. The listing also fast-tracked Elon Musk past the $1 trillion personal net worth threshold, making him the first individual in history to hold that figure.
The largest IPO in history is now a public company. Is SPCX a generational investment \
(Starlink monopoly, Mars mission, xAI upside) or a controlled-company risk priced for perfection with an 82-percent voting block and a GAAP net loss of nearly $5 billion? What is your read?
