12/06/2026
MARKET WATCH | GLOBAL ECONOMY
Tectonic Shift on Wall Street: SpaceX Pulls Off Historic, Record-Breaking $75 Billion IPO
NEW YORK - In a historic milestone that has reshaped global equity markets, Elon Musk’s aerospace and artificial intelligence empire, SpaceX, officially closed its initial public offering (IPO), pulling in a stunning $75 billion. The blockbuster debut officially crowns it as the largest stock market listing in history, shattering the previous record held by state-run oil giant Saudi Aramco.
Trading under the ticker SPCX on the tech-heavy Nasdaq exchange, the company finalized its pricing at a fixed $135 per share, bypassing standard Wall Street bidding procedures to sell 555.6 million shares.
The Numbers Behind the Launch
The sheer scale of the listing has left market analysts astonished, with the institutional and retail order books reportedly multiple times oversubscribed.
Shares Sold: 555.6 million shares
IPO Price: $135.00 per share
Initial Capital Raised: $75 billion
Base Valuation: $1.77 trillion
Potential Valuation (with Greenshoe): $1.78 trillion
If underwriters exercise their over-allotment "greenshoe" options to sell an additional 83.33 million shares, the total capital raised could soar to $86 billion. At a base valuation of $1.77 trillion, SpaceX instantly debuts as one of the top ten most valuable publicly traded companies in the world, sitting comfortably ahead of other major tech and automotive titans.
"We are embarking on a massive new growth phase, and we need capital for that," Musk reportedly told institutional investors during the high-profile IPO roadshow. The company plans to deploy the capital heavily into deep-tech infrastructure, ranging from massive Starship development to building next-generation "orbital AI data centres" in space.
Path to the Trillionaire Club
Beyond the corporate implications, the successful IPO has triggered an unprecedented surge in Elon Musk’s personal wealth. Holding an estimated 42% ownership stake in the newly public aerospace giant, Musk's paper net worth is on track to transcend standard billionaire status.
Market experts calculate that as trading commences and the stock stabilises, the valuation will easily propel Musk to become the world’s first-ever trillionaire.
Changing the Rules of the Game
The gravity of the SpaceX listing is already forcing Wall Street to adapt. Major index providers, including Nasdaq and FTSE Russell, have rapidly overhauled their traditional "seasoning" protocols, introducing fast-track rules to sweep the multi-trillion-dollar behemoth into major index funds in as little as 5 to 15 trading days.
As the opening bell rings, the world watches to see how the public markets will absorb a company carrying humanity's multiplanetary ambitions and a $1.77 trillion price tag.
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