SpaceX, which provides reusable rockets for space travel, global satellite internet, and AI models, raised $75.0 billion by offering 555.6 million shares at $135.
SpaceX's $75 billion offer size makes it the largest global IPO of all time, by far. The current record holder, Saudi Aramco, raised $25.6 billion in its Saudi Arabian listing in 2019, while the largest US IPO to date, Alibaba, raised $21.8 billion on the NYSE in 2014. SpaceX alone raised more capital than every IPO from 2025 and 2024 combined. News reports suggest that two other mega-IPOs, OpenAI and Anthropic, are expected to complete IPOs in the fall.
SpaceX is led by Elon Musk, its founder, CEO, Chief Technical Officer, and Chairman. Musk is also the CEO of Tesla (TSLA), The Boring Company, and Neuralink. Musk will control the company through supervoting Class B shares.
The Starbase, TX-based company will trade on the Nasdaq under the symbol SPCX. Goldman Sachs, Morgan Stanley, BofA Securities, Citi, J.P. Morgan, Barclays, Deutsche Bank, RBC Capital Markets, UBS Investment Bank, and Wells Fargo Securities acted as joint bookrunners on the deal.
