SpaceX just pulled off what every Silicon Valley founder dreams about and what every Wall Street banker salivates over: the largest initial public offering in recorded history. The company, officially Space Exploration Technologies Corp., priced its shares at $135, valuing the rocket maker at approximately $1.77 to $1.8 trillion and raising up to $75 billion in the process.

That number dwarfs Saudi Aramco’s 2019 IPO, which previously held the record. And for Elon Musk, whose ownership stake in SpaceX is substantial, the listing could push his net worth past the $1 trillion mark, a threshold no verified human has ever crossed.

The numbers behind the rocket ride

SpaceX began trading on the Nasdaq on June 12, 2026, under the ticker SPCX. The company sold 555.6 million shares at the $135 price point, a figure that reflects staggering institutional demand. The offering was oversubscribed, meaning investors wanted more shares than were available.

To put the $75 billion raise in perspective, most blockbuster IPOs struggle to crack $10 billion. Saudi Aramco’s 2019 debut, which raised roughly $25.6 billion, was considered a once-in-a-generation event. SpaceX nearly tripled that figure.

As recently as February 2026, SpaceX was valued at $1.25 trillion on private secondary markets. In roughly four months, the company added more than $500 billion in perceived value.

The regulatory timeline was remarkably compressed. SpaceX filed confidentially with the SEC in April, released a public prospectus in May, and was trading on a public exchange by mid-June.

From garage dreams to trillion-dollar valuations

Musk founded SpaceX in 2002 with two stated goals: reduce the cost of space transportation and eventually enable human colonization of Mars. SpaceX pioneered reusable rocket technology, with its Falcon 9 boosters routinely landing themselves after launches. The company has also conducted crewed missions to the International Space Station, taking over a role previously reserved for government space agencies.

Beyond rockets, SpaceX operates Starlink, its satellite internet constellation, which has become a significant revenue driver and a strategic asset. The company has also been exploring space-based data centers, which would represent an entirely new frontier for cloud computing infrastructure.

What this means for investors

The crypto angle, or lack thereof, is worth noting. SpaceX’s prospectus contained no references to cryptocurrency or blockchain technology. For a company led by a man who has personally moved crypto markets with tweets, the omission is conspicuous.

Investors watching the SPCX ticker in its early trading days should remember that IPO pops are not investment theses. Starlink subscriber numbers, launch cadence, Starship development milestones, and government contract wins will be the metrics that matter.