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SpaceX IPO: $1.96T Valuation Marks Biggest Ever
12 Jun
Summary
- SpaceX achieved a record-breaking $75 billion IPO in June 2026.
- The company began trading on Nasdaq at a $1.96 trillion valuation.
- SpaceX acquired AI startup xAI for $250 billion in February 2026.
SpaceX confidentially filed for its initial public offering in April 2026, paving the way for what would become the largest flotation in U.S. history. By May 2026, the company publicly submitted its IPO filing.
The company set its IPO price at $135 per share, aiming to raise an unprecedented $75 billion. In June 2026, SpaceX finalized its IPO, successfully raising this record amount.
Following its IPO, SpaceX began trading on the Nasdaq exchange in June 2026, achieving an astonishing valuation of approximately $1.96 trillion.
This financial milestone follows significant corporate developments, including the February 2026 acquisition of Elon Musk's AI startup xAI for a colossal $250 billion, merging his AI and space ventures.
SpaceX's strategic priorities have also evolved, with Musk announcing in February 2026 a shift in focus from Mars to establishing a 'self-growing city' on the moon.
However, development of the Starship rocket, selected by NASA as a lunar lander in 2021, has encountered delays. A NASA official noted in March 2026 that Starship faced at least two years of setbacks and would require more time to meet landing requirements.
SpaceX also secured a multi-year cloud services agreement with Alphabet's Google in June 2026, further solidifying its corporate partnerships.
