SpaceX has attracted media, investor, and public attention for years. That interest was driven by the company’s reusable rocket launches, the rise of its Starlink satellite network, and, of course, founder and CEO Elon Musk.
But in its 24-year history, nothing has matched the initial public offering. Everyone seemed interested, probably because of the size of the IPO. The company raised 555.6 million shares at a price of $135 per share, raising $75 billion. It was the largest IPO in history and made Musk the world’s first millionaire.
TechCrunch has been following SpaceX’s early starts, struggles, and successes. And we’re here for what happens next. This is the main landing page for all related SpaceX IPO news, including notable updates after SpaceX goes public.
SpaceX is now public. What’s next?
SpaceX stock rose further during the first full day of trading. As of 2:30 p.m. ET, SpaceX shares were up more than 15% to $186.15.
SpaceX IPO latest information
SpaceX stock opened at $150 on the Nasdaq on June 12, up 11% in one of the most anticipated debuts in history. And it kept rising. Stock prices also continued to rise. SpaceX stock soared 30% in midday trading. SpaceX stock closed 19% higher at $160.95.
As expected, there was a large amount of trading volume. “In the hours following SpaceX’s historic public market debut, the company’s trading platform experienced record traffic,” Robinhood said in a statement.
SpaceX COO Gwynne Shotwell was interviewed by CNBC on June 12th, and among the many interesting comments she made, here’s one that may catch the attention of Tesla shareholders. At one point in the interview, Shotwell said, “The SpaceX-Tesla merger might make Elon’s life a little easier.”
Among the winners were banks that brought in about $500 million in total fees. According to WSJ, the big winners are Goldman Sachs and Morgan Stanley.
Musk expressed his gratitude to the employees of SpaceX, the social media company he owns, as the stock price soars. “I love the wonderful people at SpaceX more than words can express,” he wrote Friday afternoon. He also reposted a number of posts related to SpaceX’s IPO, including a photo of everyone involved wearing green shoes, an apparent nod to the “green shoe option.” This is a provision in the IPO underwriting agreement that allows the underwriter to sell up to 15% more shares than originally planned if demand is strong.
To take a deeper look at what happened and the broader implications of SpaceX becoming a public company, senior reporter Sean O’Kane and AI editor Russell Brandom sat down for a special episode of the Equity Podcast. You can listen to this episode directly here, on your favorite podcast player, or subscribe on YouTube here.
How to track SpaceX IPO
In an offer this large, there are many financial mechanisms operating behind the scenes. So, the first question is when will the stock come on the market and start trading? SpaceX is making its Nasdaq debut, and the official Nasdaq listing can be viewed here. Once listed, it immediately commands a record price. Nasdaq also has a video of SpaceX crew members ringing the bell.
But price is only part of the picture. Financial news outlets like Bloomberg and CNBC are still your best bet for getting the latest information. Both have live blogs that will give you detailed coverage of all the issues that arise when bringing stocks to market.
SpaceX IPO by the numbers
Here’s a look at some of the bigger numbers, the resulting numbers, and the eye-popping sums that make up the company’s S-1 form.
For example, SpaceX lost $4.9 billion in 2025 on revenue of over $18 billion. This is just a fraction of the more than $37 billion that SpaceX has lost since its founding.
As CEO, Elon Musk holds approximately 85.1% of the company’s voting rights. You can read more about it in the next section: Who wins and who doesn’t. We will continue to publish interesting numbers here.
Here’s another number that caught our attention…4,400. According to the NYT, this is the number of SpaceX employees who could become billionaires.
Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: A stock podcast looks at IPOs.
Who wins and who doesn’t?
SpaceX is the biggest IPO in history, and it means a big payday for some investors, employees, and of course Elon Musk.
Elon Musk becomes world’s first trillionaire after SpaceX’s historic IPO: SpaceX’s IPO boosted Musk’s paper fortune to more than $1 billion at a time when he is more hated and more powerful than ever.
How Elon Musk will increase his power through SpaceX’s IPO: With more than 50% of the voting power, Musk will have monarchical control over the publicly traded version of SpaceX — control that far exceeds that enjoyed by other tech founders.
Who will benefit most from SpaceX’s IPO? Mostly Elon, and a few of his aides too. Elon Musk owns the largest stake in SpaceX with billions of shares, but others could win as well. Here’s an overview of who owns what:
Investors in the SpaceX SPV will not know their true holdings until the post-IPO lockup is lifted. After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payment delays, and the risk of outright fraud.
What’s in S-1?
The S-1 registration document gave the world an unprecedented look inside SpaceX, including its finances and various operations. The S-1 kept getting revised as the IPO date approached and we were working on it. This is what we found.
SpaceX’s IPO filing is packed with AI bets, Starship dreams, and Elon Musk at its heart: SpaceX’s IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects from its xAI division.
After SpaceX’s S-1, the path to Starship reusability looks uncertain: SpaceX’s IPO and Starship rocket test flight provided two major data points that provide a realistic vision for the coming years. And one that could disappoint both the company’s promoters and critics.
SpaceX warns investors of future dilution, fuels Tesla merger rumors: The company has added new language to its S-1, warning prospective investors that significant dilution could occur after going public.
Pre-IPO transactions and events
Ahead of its IPO, SpaceX finalized a series of deals, most of them selling computing to improve its balance sheet.
Anthropic will pay xAI $1.25 billion per month in computing fees: Anthropic deal first reported on May 20th.
How long is Anthropic’s contract with SpaceX? Opinions vary. Elon Musk continues to downplay the length of SpaceX’s contracts with Anthropic.
Google will pay SpaceX $920 million per month in computing costs: A Google representative described the deal as a short-term deal to address unexpected demand for recently launched AI products.
This article was originally published on June 12, 2026 at 10am ET. Updated with new coverage of SpaceX’s IPO, stock price, and other related events.
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