SpaceX Raises $75B in IPO, Debut Stock Surges 25% to $168.75
SPCX•SpaceX completed a $75 billion IPO by pricing shares at $135 and saw its stock open at $150 before climbing to $168.75, pushing its market capitalization above $2 trillion. The listing drew over $350 billion in orders, with retail demand exceeding $100 billion against a 4.2% float and reported a $4.28 billion Q1 net loss.
1. Record-breaking IPO Debut
SpaceX priced its shares at $135 for a $75 billion IPO and saw them open at $150 on Nasdaq before rising to $168.75. This debut pushed the company’s market capitalization above $2 trillion and set a new record for largest-ever IPO proceeds.
2. Massive Order Demand
The offering attracted more than $350 billion in orders, with over $100 billion coming from retail investors who received roughly $15 billion in shares. Institutional buyers, including long-only funds and sovereign wealth vehicles, claimed about 70% of the allocation, with BlackRock and major Middle Eastern sovereign funds among top applicants.
3. Financials and Trading Float
SpaceX reported a $4.28 billion net loss in Q1 2026 and released only 4.2% of its shares for trading, creating potential for significant price swings. Upcoming lock-up expirations will be a key test for sustaining demand and stabilizing the share price.
