SpaceX is public: Everything you need to know post-IPO

2026-06-16 · Source: AI News & Artificial Intelligence | TechCrunch · Field: Finance & Economics — Capital Markets & Investment Management, Economic Analysis & Policy, FinTech & Digital Financial Services · Depth: Intermediate, extended

Summary

SpaceX's IPO on June 12, 2026, was the largest in history, initially raising \$75 billion by pricing 555.6 million shares at \$135 each, which later ballooned to \$85.7 billion. Shares opened at \$150 on Nasdaq, closing up 19% at \$160.95, making Elon Musk the world's first trillionaire. Post-IPO, SpaceX's valuation surged to \$2.7 trillion, surpassing Amazon, and it announced the acquisition of Cursor for \$60 billion in stock. The company also secured significant compute deals, including \$1.25 billion monthly from Anthropic and \$920 million monthly from Google, leveraging its xAI division's infrastructure. Despite losing \$4.9 billion on over \$18 billion revenue in 2025, and over \$37 billion since inception, the IPO created approximately 4,400 employee millionaires. Elon Musk retains 85.1% voting power, ensuring monarchical control.

Key takeaway

For investors evaluating high-growth tech IPOs, SpaceX's debut highlights the market's strong appetite for ventures combining space and AI, even with significant prior losses. You should anticipate substantial capital shifts from other tech stocks during mega-IPOs and scrutinize the long-term viability of "neo-cloud" compute deals. Be wary of secondary market complexities and potential dilution warnings in S-1 filings, as these can impact your true holdings and future returns.

Key insights

SpaceX's record-breaking IPO validates Elon Musk's vision, transforming the company into a public AI and space giant with significant market impact.

Principles

• Market appetite for AI-driven space ventures is robust.
• Small public floats can lead to dynamic stock price action.
• IPOs of this scale can shift capital from other tech stocks.

In practice

• Monitor secondary markets for hidden fees and payout delays.
• Track major IPOs for potential portfolio rebalancing effects.
• Evaluate AI companies based on both hardware and software progress.

Topics

• SpaceX IPO
• Elon Musk
• Starlink
• xAI
• Market Valuation
• Corporate Acquisitions

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Editorial summary, takeaway, and curation by AIssential. Original article published by AI News & Artificial Intelligence | TechCrunch.