Spacex Ipo: Largest In History, Musk Becomes Trillionaire

SpaceX went public on June 12, 2026, pricing 555.6 million shares at $135 each, raising $75 billion in the largest IPO ever, later growing to $85.7 billion. Shares opened at $150 on Nasdaq, closed at $160.95, up 19%. The valuation ballooned to $2.7 trillion, passing Amazon, making SpaceX the fifth-most valuable company globally. Elon Musk, holding 85.1% voting power, became the world's first trillionaire. The IPO turned 4,400 employees into millionaires. Goldman Sachs and Morgan Stanley earned ~$500 million in fees. SpaceX COO Gwynne Shotwell hinted at a possible Tesla merger. The company acquired Cursor for $60 billion in stock. Pre-IPO deals included Anthropic paying $1.25 billion per month and Google paying $920 million per month for compute. SpaceX lost $4.9 billion on $18 billion revenue in 2025, with cumulative losses over $37 billion. The S-1 revealed reliance on Starlink and AI ventures via xAI.