SpaceX IPO: Live updates on everything you need to know

2026-06-12 · Source: AI News & Artificial Intelligence | TechCrunch · Field: Finance & Economics — Capital Markets & Investment Management, Corporate Finance & Treasury · Depth: Intermediate, extended

Summary

SpaceX completed the largest initial public offering in history, pricing 555.6 million shares at \$135 each to raise \$75 billion. The stock debuted on Nasdaq at \$150, soaring 30% midday and closing at \$160.95, up 19%. This IPO made Elon Musk the world's first trillionaire and could create 4,400 employee millionaires. Despite reporting a \$4.9 billion loss on over \$18 billion in revenue in 2025, and over \$37 billion in losses since inception, the market demonstrated strong demand. Key financial details from the S-1 filing revealed Musk holds 85.1% voting power and the company secured significant compute rental deals, including \$1.25 billion per month from Anthropic and \$920 million per month from Google, to utilize xAI's unused capacity. The small 4% share float contributed to dynamic price action and high trading volume.

Key takeaway

For investors evaluating high-profile tech IPOs, the SpaceX debut demonstrates sustained market appetite for ambitious, founder-led ventures, even with substantial prior losses. You should scrutinize S-1 filings for compute monetization strategies and founder voting power, as these significantly influence valuation and future direction. Be wary of complex secondary market structures for private company shares, as they often entail hidden fees and delayed payouts.

Key insights

The SpaceX IPO, the largest ever, successfully validated Elon Musk's vision despite significant financial losses and ambitious future plans.

Principles

• Market appetite for high-risk, high-reward ventures remains strong.
• Founder control can be maintained post-IPO with super-voting shares.
• Compute infrastructure can be monetized as a "neo-cloud" service.

In practice

• Monitor secondary market terms for private company shares.
• Evaluate "neo-cloud" compute rental as a revenue stream.
• Assess founder influence via voting power in public companies.

Topics

• SpaceX IPO
• Elon Musk
• Starlink Network
• xAI Compute
• Public Offerings
• Secondary Markets

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• SpaceX targets biggest ever stock market debut, putting Musk on course to be trillionaire — SpaceX's record-setting IPO aims to raise $75bn, valuing the company at \$1.77tn, and fueling its AI infrastructure expansion.
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Editorial summary, takeaway, and curation by AIssential. Original article published by AI News & Artificial Intelligence | TechCrunch.