SpaceX Sets IPO at $135 Per Share in Largest Public Offering Ever

The largest IPO in history by the numbers

SpaceX’s public debut dwarfs every share sale that came before it. The previous record holder—Saudi Aramco’s $29.4 billion IPO in 2019—now looks tiny by comparison . The company’s official pricing announcement and SEC filings supply the core figures:

• Exchange: Nasdaq Global Select Market and Nasdaq Texas, under ticker SPCX .
• IPO price: $135.00 per share, a fixed price set without the traditional price-range roadshow build-up .
• Shares offered: 555,555,555 shares of Class A common stock, with underwriters granted a 30-day option to purchase up to an additional 83,333,333 shares .
• Total proceeds: roughly $75 billion (before any underwriter option is exercised), by far the largest capital raise in IPO history .
• Implied valuation: approximately $1.77 trillion at the offering price, eclipsing the market caps of Microsoft, Amazon, Alphabet, and Meta and trailing only Apple and Nvidia among U.S. listed companies .

Unlike most large IPOs, SpaceX skipped the traditional investor-book-building process and instead went public with a fixed price. It entered a shortened roadshow during the first week of June already carrying the $135 target, a signal of confidence in the demand it expected—and received . Reports after pricing indicated overall demand reached roughly four times the shares on offer .

Elon Musk’s stake and the path to trillionaire status

Before the IPO, Forbes’ real-time tracker put Musk’s net worth at approximately $788.8 billion, already the largest fortune on record by a wide margin . The IPO reshapes that wealth in dramatic ways.

Musk beneficially owns roughly 41% of SpaceX. With the company valued at the IPO price, his equity alone is worth around $725 billion . Bloomberg’s Billionaires Index calculated that the offering instantly added about $275 billion to Musk’s net worth, lifting him to roughly $970 billion . Several sources note that even a modest first-day pop in the stock could push him across the $1 trillion threshold, a milestone no person has ever reached in verified record-keeping .

A fortune on paper:

The scale of Musk’s wealth is a story of concentrated equity. By early June 2026, roughly two-thirds of his fortune sat in SpaceX, with the rest primarily in Tesla and much smaller amounts in ventures such as Neuralink and The Boring Company . SpaceX’s S-1 disclosure in May even prompted Bloomberg to remove a $45 billion liability that had previously been attached to Musk’s personal balance sheet because the filing revealed he had pledged less than 0.3% of his SpaceX shares as collateral for personal debt .

A fortune few can compare to:

Musk’s post-IPO total leaves his closest peers far behind. The second-richest person in the world—as recently as April 2026—was Larry Ellison, with roughly $279 billion . Other major-billionaire rankings show Larry Page trailing at less than $300 billion . In other words, Musk’s net worth now comfortably exceeds the combined fortunes of several of the next-richest people on the planet.

Where SpaceX sits among the world’s largest companies

SpaceX’s $1.77 trillion valuation on day one makes it the third-most valuable U.S. publicly traded company, behind only Apple and Nvidia . It begins life as a public stock ranked ahead of Microsoft, Amazon, Alphabet, and Meta, all of which have spent years or decades building their public-market capitalizations .

This is a remarkable moment for a company that, by its own S-1 filing, posted a $4.28 billion net loss in Q1 2026 alone and carried an accumulated deficit of $41.3 billion . Investors are effectively pricing years of future growth across rockets, Starlink internet service, and Musk’s broader AI ambitions into the current share price, turning a deeply unprofitable enterprise into one of the world’s most valuable stocks overnight.

A note on Musk’s wealth and risk:

Musk’s financial position is monumental but not cash-heavy. The vast majority of his wealth is tied up in his ownership of SpaceX and Tesla stock. Changes in share prices, regulatory actions, or operational setbacks at either company could cause large swings in his on-paper valuation. The IPO has also triggered fresh conversations about concentration of wealth and what it means for one person to be worth a trillion dollars while his businesses rely on government contracts, consumer markets, and volatile tech-sector sentiment .

What comes next:

SPCX shares start trading on the Nasdaq on Friday, June 12. Because the IPO set a fixed price rather than a variable range, investors and analysts will be watching closely to see where the stock opens and whether the $135 price holds when buy and sell orders meet in the open market . Any substantial move could quickly tip Musk’s net worth above or below the trillion-dollar line.

For space-industry watchers, the IPO also marks the first time the public can buy a broad, liquid stake in Musk’s combined rocket, satellite, and AI ecosystem—a bet that until now was reserved for private venture backers and institutional investors .