On 12 June 2026, SpaceX secured a record breaking $75 billion through its initial public offering (IPO).
The landmark debut on the Nasdaq, trading under the ticker SPCX, involved the sale of 555.56 million shares at $135/share a piece. This ranks among the largest IPOs in the history of the US stock market.
Here is a detailed breakdown of the figures behind this extraordinary surge.
After its debut on Nasdaq, SpaceX's worth is now just less than GDP of just 11 countries worldwide, with India's GDP 1.8x more than SpaceX market valuations.
The company’s valuation has climbed to nearly 2 trillion dollars, marking the largest initial public offering in history.
Its founder, Technopreneur Elon Musk, is now the world’s first trillionaire, placing him well ahead of fellow billionaires Larry Ellison, Jeff Bezos, Sergey Brin, and Larry Page.
In terms of market capitalization, SpaceX now ranks as the sixth largest company globally, trailing only NVIDIA, Alphabet, Apple, Microsoft, and Amazon.
SpaceX’s recent debut on the Nasdaq has not only shattered Wall Street records but also ignited a worldwide debate over wealth concentration and economic inequality.
According to Reuters, around 7,000 people took part in a protest against the G7 summit, often viewed as a symbol of concentrated political and economic power and set a Tesla car on fire in Geneva.
SpaceX’s entry has also raised concerns over the company’s valuation; the relaxation of rules that enables the company to enter indices like the Nasdaq-100 in just 15 days of trading compared to 3 months of trading.
And relaxing the public float requirement of at least 10 percent of their shares available for public trading to qualify for index inclusion.
What makes the story even more compelling is the source of SpaceX’s valuation.
Before pursuing an IPO, Musk consolidated his companies Starlink and xAI under SpaceX.
However, according to the filings submitted by Space Exploration Technologies Corp. (SpaceX) to the Securities and Exchange Commission and Nasdaq, among the three entities heading for an IPO, SpaceX is the one operating at a loss, while Starlink is the unit generating revenue.
In 2025, SpaceX generated 18.67 billion dollars in revenue, significantly lower than NVIDIA's 215.93 billion, Alphabet's 402.83 billion, Apple's 416.16 billion, Microsoft's 281.72 billion, and Amazon's 716.90 billion dollars.
For proponents, the IPO figures signal strong faith in emerging technologies, satellite-based internet, and space exploration.
For detractors, they underscore the increasing concentration of wealth among a small group of individuals and corporations.
However, it is indisputable that the SpaceX IPO has emerged as a defining symbol of the increasing gap between market valuations and the real economy.
