SpaceX Debuts with $75B IPO Valuing Firm at $1.77T
SPCX•SpaceX raised $75 billion in the largest IPO ever by selling 555.6 million shares at $135, valuing the company at $1.77 trillion. Q1 revenue rose 15% to $4.69 billion and 2025 sales climbed 33% to $18.67 billion, while capex more than doubled to $10.1 billion alongside a $4.28 billion loss.
1. Record-Breaking IPO Launch
SpaceX sold 555.6 million shares at $135 each, raising $75 billion and achieving a $1.77 trillion valuation—the largest initial public offering in U.S. history—when trading begins on Nasdaq under the SPCX ticker.
2. Revenue and Profitability Trends
In Q1, SpaceX generated $4.69 billion in revenue, up 15% year-over-year, and full-year 2025 sales reached $18.67 billion, a 33% increase, while the company posted a $4.28 billion net loss as capital expenditures more than doubled to $10.1 billion driven by AI and data center investments.
3. Future Growth and Risks
The IPO opens public market access to SpaceX, positioning investors to back its satellite internet, space infrastructure and AI ambitions; however, heavy spending and persistent losses highlight profitability risks, and first-day trading will test market appetite for Musk’s growth narrative.
