🚨News: SpaceX just made history with the largest iPO ever, and Elon musk has become the world's first trillionaire
here's what actually happened that you should know 👇
ipo price: $135 a share, a fixed price spacex set itself.
shares sold: 555,555,555 (all newly issued).
capital raised: ~$75 billion.
valuation: ~$1.77 trillion.
that's about 3x the previous record (saudi aramco, 2019).
→ day one
opened at $150, hit a high of $176.52, finished up ~28%.
market cap pushed past $2.2 trillion, bigger than meta and samsung.
360M shares traded by early afternoon, about 10x the next-biggest ipo of the year.
elon musk became the world's first trillionaire on paper (~$1.1T).
→ what's actually inside the company
it went public as one entity, three segments:
space (falcon, dragon, starship)
connectivity (starlink)
ai (xai / grok / x, after the feb 2026 merger)
starlink wasn't spun out, it's the core engine.
→ the starlink numbers most people don't know
$11.4B revenue in 2025, 61% of all spacex revenue.
grew from 2.3M customers in 2023 to 10.3M by march 2026.
~9,600 satellites in orbit, roughly 75% of all active maneuverable satellites on earth.
→ the launch record nobody talks about
spacex flew 165 falcon 9 orbital missions in 2025.
that's more than the rest of the world combined.
sixth year in a row it set a new launch record.
→ the demand was staggering
order book hit ~$250 billion, 3.5 to 4x oversubscribed.
blackrock alone reportedly ordered $5 billion.
retail got an unusually large slice (~20% , vs. the typical 5 to 10%).
retail orders alone topped $100 billion.
→ what the money is funding
finishing starship development.
expanding starlink (musk cited plans for 100,000 satellites).
building data centers, including orbital ai compute, "data centers in space," targeted as soon as 2028.
→ a few records it set in one day
largest ipo in history.
became roughly the 6th to 8th most valuable u.s. company instantly.
created the world's first trillionaire.
underwriters even wore green shoes to the listing, a nod to the "greenshoe" option.
this was one of the biggest market events in modern history.