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SpaceX has captured the attention of media, investors, and the public for years now \u2014 interest propelled by the company\u2019s reusable rocket launches, the rise of its Starlink satellite network, and, of course, for its founder and CEO Elon Musk.<\/p>\n
But in its 24-year history, nothing quite compared to its initial public offering. Everyone seemed interested \u2014 perhaps because of the sheer size of the IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history and turning Musk into the world\u2019s first trillionaire<\/a>. <\/p>\n TechCrunch has followed SpaceX\u2019s start, struggles, and successes from the early days. And we\u2019re here for what happens next too. Here is your go-to landing page for all the relevant SpaceX IPO news, including notable updates now that the company is public. <\/p>\n On its first full day of trading, SpaceX shares pushed even higher. As of 2:30 p.m. ET, SpaceX shares were up more than 15% to $186.15.<\/p>\n SpaceX shares opened June 12 at $150 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history. And it has continued to rise. The shares kept rising too. In midday trading, SpaceX shares soared 30%. SpaceX shares closed at $160.95, up 19%<\/a>.<\/p>\n There has been heavy trading volume, as expected. Robinhood said it has seen \u201crecord-breaking traffic<\/a> on its trading platform in the hours after SpaceX\u2019s historic public markets debut. <\/p>\n SpaceX COO Gwynne Shotwell was interviewed by CNBC on June 12 and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders. At one point in the interview, Shotwell said<\/a> a \u201cmerger between SpaceX and Tesla might make Elon\u2019s life a little easier.\u201d<\/p>\n Among the winners are the banks, which have brought in about $500 million <\/a>in total fees. The big winners are Goldman Sachs and Morgan Stanley, per the WSJ.<\/p>\n Musk took to X, the social media company he owns, to share his appreciation of SpaceX employees as the stock rose. \u201cI love the incredible people of SpaceX beyond words,\u201d he wrote Friday afternoon<\/a>. He also reposted a number of SpaceX IPO related posts, including a photo of insiders all wearing green shoes <\/a>in what appears to be a nod to \u201cthe green shoe option.\u201d This is a provision in an IPO underwriting agreement that lets underwriters sell up to 15% more shares than originally planned if demand is strong.<\/p>\n To get a deeper look into what happened, and all the far-ranging implications of SpaceX now being a publicly traded company, Senior Reporter\u00a0Sean O\u2019Kane<\/a>\u00a0and\u00a0AI\u00a0Editor\u00a0Russell Brandom<\/a>\u00a0sat down for a special episode of our Equity podcast, which you can listen to right here<\/a> or via your podcast player of choice, or queue it up on YouTube here<\/a>.<\/p>\n With an offering this large, there is a lot of financial machinery operating behind the scenes \u2014 so the first question is just when the stock makes it to the market to start trading. SpaceX is debuting on Nasdaq and you can see the official Nasdaq listing here<\/a>, which will have the price of record as soon as there is one. Nasdaq also has video of the SpaceX crew ringing the bell<\/a>, if that\u2019s your thing.<\/p>\n But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets like Bloomberg<\/a> and CNBC<\/a>, both of which have liveblogs running and will have close coverage of any hiccups that happen in getting the stock to market.<\/p>\n Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company\u2019s S-1 form.\u00a0<\/p>\n For instance, SpaceX lost\u00a0$4.9 billion\u00a0on revenues of over\u00a0$18 billion in 2025.\u00a0That\u2019s\u00a0only a fraction of the more than\u00a0$37 billion\u00a0lost since SpaceX\u2019s\u00a0inception.\u00a0<\/p>\n As CEO, Elon Musk holds about\u00a085.1%\u00a0of the company\u2019s voting power.\u00a0You can read more about that in the next section \u201cWho wins and who doesn\u2019t\u201d \u2014 and we\u2019ll continue to drop interesting numbers in here.<\/p>\n Here is another figure that caught our attention\u2026 4,400. That\u2019s the number of SpaceX employees who could become millionaires, according to the NYT<\/a>.<\/p>\n Elon Musk\u00a0can\u2019t\u00a0hear you over the sound of his\u00a0$1.75 trillion\u00a0IPO<\/a><\/strong>: The Equity podcast weighs in on the IPO.<\/p>\n SpaceX is the world\u2019s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk. <\/p>\n Elon Musk becomes the world\u2019s first trillionaire after SpaceX\u2019s historic IPO<\/a><\/strong>: The SpaceX IPO has boosted Musk\u2019s paper wealth to more than $1,000,000,000,000 at a time when he is more hated \u2014 and powerful \u2014 than ever.<\/p>\n How Elon Musk will increase his power through the SpaceX IPO<\/a><\/strong>: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly traded version of SpaceX \u2014 control that goes far beyond what other tech founders enjoy.<\/p>\n Who will benefit most from SpaceX IPO? Mostly Elon \u2014 and a few from his inner circle<\/a><\/strong>: Elon Musk has the largest stake in SpaceX by billions of shares, but others also stand to win. Here\u2019s the rundown of who owns what.<\/p>\n SpaceX SPV investors won\u2019t know their true holdings until post-IPO lock-ups lift<\/a><\/strong>: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.<\/p>\n The S-1 registration document<\/a> gave the world an unprecedented look inside SpaceX, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found.<\/p>\n The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center<\/strong>:<\/a> The contents of the SpaceX IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its xAI division.<\/p>\n Starship\u2019s path to reusability looks murky after SpaceX\u2019s S-1<\/a><\/strong>: SpaceX\u2019s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years \u2014 and one that may disappoint both the company\u2019s boosters and its critics.<\/p>\n SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors<\/a><\/strong>: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public. <\/p>\n Leading up to the IPO, SpaceX locked in a string of deals, mostly selling off compute to improve its balance sheet.<\/p>\n Anthropic will pay xAI $1.25B per month for compute<\/a><\/strong>: Initial coverage of the Anthropic deal on May 20.<\/p>\n How long is Anthropic\u2019s lease with SpaceX? Opinions vary<\/a><\/strong>: Elon Musk keeps downplaying the duration of SpaceX\u2019s contract with Anthropic.<\/p>\n Google will pay SpaceX $920M per month for compute<\/a><\/strong>: A Google representative described the deal as a short-term deal addressing unexpected demand for its recently launched AI products.<\/p>\n This article originally published at 10 a.m. ET, June 12, 2026. It has been updated with new coverage of the SpaceX IPO, share price, and other related events. <\/em><\/p>\n<\/div>\n When you purchase through links in our articles, we may earn a small commission<\/a>. This doesn\u2019t affect our editorial independence.<\/em><\/p>\nSpaceX is now public. What\u2019s next?<\/h2>\n
The latest on the SpaceX IPO<\/h2>\n
How to track the SpaceX IPO<\/strong><\/h2>\n
The SpaceX IPO, by the numbers<\/h2>\n
Who wins and who doesn\u2019t<\/h2>\n
What\u2019s in the S-1<\/h2>\n
Pre-IPO deals and events<\/h2>\n