SpaceX Prices Record $75 Billion IPO at $135 Per Share, Lists on Nasdaq as SPCX

SpaceX priced its initial public offering at $135 per share on June 12, 2026, raising approximately $75 billion in what is set to become the largest initial public offering in recorded history.

The company, valued at around $1.77 trillion, listed on Nasdaq under the ticker SPCX on June 13. Shares jumped 19 percent on their debut, closing at $161 per share.

Starlink, SpaceX's satellite internet service, remains the company's primary revenue driver and its only consistently profitable segment. The IPO gives public investors access to a company that sits at the intersection of space technology, satellite connectivity, and artificial intelligence infrastructure.

Elon Musk maintains over 82 percent voting control of SpaceX following the listing. Reports indicate his net worth surged after the debut, with some analysts identifying him as the world's first trillionaire.

The IPO comes as the broader technology sector is shifting from software-focused AI development toward physical infrastructure. Data centers, power grids, advanced semiconductors, and robotics are now the primary battlegrounds in the AI race.

SpaceX's xAI integration positions the company as a player in AI compute, not just space launch. Analysts say the company's control over satellite data, hardware manufacturing, and launch infrastructure gives it advantages that pure software firms cannot easily replicate.

The listing also drew attention to the growing backlash against AI infrastructure expansion. Residents near xAI and SpaceX-related data center projects have raised concerns about noise, environmental impact, and strain on local utilities. A recent poll found that 64 percent of Americans disapprove of the rapid pace of data center construction.

China has drafted a $295 billion, five-year plan to build a nationwide AI data center grid, underscoring the global stakes of the infrastructure race that SpaceX's IPO now highlights.