SpaceX has done what was once unthinkable for a company Elon Musk long insisted he wanted to keep private: it has gone public, and it has done so at record-shattering scale. Listing on the Nasdaq under the ticker SPCX, the rocket and satellite maker priced its shares at $135 and sold more than 555 million of them, raising roughly $75 billion. That makes it the largest initial public offering in history, comfortably eclipsing the previous record-holder, Saudi Aramco's 2019 listing of about $29 billion. The pricing implied a fully diluted valuation close to $1.8 trillion, placing SpaceX among the most valuable listed companies in the world. The market's appetite was immediate. The stock jumped on its opening day, climbing well above the offer price and briefly pushing the company's value past the $2 trillion mark. A bell-ringing ceremony was staged both at the Nasdaq site in New York and at SpaceX's Starbase facility in Texas, with Chief Operating Officer Gwynne Shotwell marking the company's shift to public ownership after more than two decades. The numbers underline how much the business has changed. Much of SpaceX's revenue, reported at around $19 billion last year, now flows from its Starlink satellite-internet service and from launch and government contracts, rather than rockets alone. That recurring, subscription-style income is a big part of why investors were willing to pay such a premium, even though the company has yet to post a consistent net profit. The debut also lands amid a wider rush of technology listings. Artificial-intelligence firms including OpenAI and Anthropic have been laying groundwork for their own IPOs, signalling a thaw in public markets after several quiet years. For everyday observers, the appeal is partly the spectacle and partly the question it raises: can a company valued on future promise, space internet, deep-space ambitions and reusable rockets, justify a near-$2 trillion price tag? Public shareholders now get to weigh in, and the early verdict has been enthusiastic. Source: [NPR](https://www.npr.org/2026/06/12/nx-s1-5855004/stock-ai-spacex-ipo-elon-musk)