The SpaceX she made her long-awaited debut on Wall Street Friday, making the biggest initial public offering in history. The company's share began trading at Nasdaq with the SPCX symbol, marking a new era for Elon Musk's aerospace company.
According to CNBC, SpaceX's founder and CEO attended the ceremony to introduce the company from Texas, while SpaceX's president and COO, Gwinne Sotwell, hit the traditional «bell» the meeting from New York.
He raised $75 billion from the IPO
On the basis of the deposit to the US Securities and Exchange Commission, SpaceX He raised $75 billion, with 555.6 million shares at the price of $135 billion per share. However, the stock opened in Nasdaq at $150, much higher than the disposal price, recording a 23% jump at the start of the negotiation.
SpaceX's valuation exceeded $2 trillion, placing the company in sixth place among the most valuable companies in the US. In this way, he even overcame Tesla and Meta, further strengthening Elon Musk's position at the top of the world business scene.
Plans for satellites and artificial intelligence in space
Shortly before the introduction, Musk said on a live broadcast of JPMorgan Chase that SpaceX has been positive in cash flows since 2015 and that public registration will fund «an important development phase».
The company's next plans include developing a network of 100,000 satellites, as well as creating artificial intelligence infrastructure in space. Musk argued that SpaceX wants to be able to transport people to the Moon, Mars and eventually even further away.
«SpaceX wants to be able to take you to the Moon, Mars and eventually even further away. I am convinced that together with the incredible team we have, we will do it for you.», stated from the company's headquarters in Starbase, Texas.
Starlink and the acquisition of xAI
SpaceX was founded in 2002 by Elon Musk aiming to develop reusable missiles. Although the company became known mainly for its space missions and ambitious plans to colonize Mars, its most profitable segment today is Starlink, the satellite internet service.
In February 2026, SpaceX bought out Musk's xAI, artificial intelligence company, incorporating into its data center ecosystem, artificial intelligence models, and social network X.
Historical damage despite explosive development
Despite its spectacular rise, the company's newsletter shows that SpaceX has recorded total losses of $41.3 billion since its establishment.
Public registration is now considered a key step for the company's next development phase, but also for Musk's personal property, which became the world's first trillionaire thanks to its overall share of SpaceX and Tesla.
