SpaceX's initial public offering is the largest in history, pricing 555.6 million shares at $135 each to raise $75 billion. At this valuation, Elon Musk becomes the world's first trillionaire.
Around 4,400 SpaceX employees could become millionaires when the stock begins trading on NASDAQ.
The scale of this IPO is notable. In 2025 alone, SpaceX lost $4.9 billion on revenues of over $18 billion. Since inception, the company has burned through more than $37 billion. Yet investors are backing what Musk and his team are building — reusable rocket launches and the Starlink satellite network.
Musk will retain roughly 85.1% of the company's voting power after going public. That degree of control is rare among tech founders in publicly-traded companies.
The greatest gains flow to Musk himself and his inner circle. The 4,400 employees becoming millionaires represent the broader windfall from the offering.
NASDAQ is hosting the trading debut. Bloomberg and CNBC are covering the price movements in real time. The official NASDAQ listing provides the record price once it opens for trading.
