SpaceX, the aerospace company founded by Elon Musk, completed its long-awaited initial public offering on Friday, raising approximately $75 billion in the largest IPO in global capital markets history.
Shares of Space Exploration Technologies Corp. began trading on the Nasdaq Global Select Market under the ticker symbol SPCX. The company priced 555.6 million Class A shares at $135 each before the opening bell.
The stock opened at $150 and climbed throughout the session, ultimately closing at $160.95, representing a gain of 19.22 percent from the IPO price. At the closing price, SpaceX achieved a market capitalization of approximately $2.11 trillion, making it one of the most valuable publicly traded companies in the world.
During trading, the shares reached an intraday high of $170 before pulling back. Trading volume reached approximately 508 million shares, according to market data. The opening price reflected strong institutional and retail demand, with the IPO reportedly four times oversubscribed.
Unlike many traditional IPOs, SpaceX structured its offering entirely as a primary raise, meaning no insiders sold shares. Founder and CEO Elon Musk, along with other early stakeholders, are subject to a 366-day lockup period preventing immediate share sales.
Musk’s stake in SpaceX was valued at approximately $1.26 trillion at Friday’s close, officially making him the world’s first trillionaire, according to market calculations.
The company has conducted more than 660 rocket missions to date, maintaining its position as the dominant launch provider globally. SpaceX operates the Starlink satellite internet network and maintains long-term plans for missions to Mars.
Analysts at Wedbush Securities described the listing as a watershed moment, suggesting it could mark the beginning of an “IPO supercycle” that may pave the way for future listings by other technology companies.