Elon Musk's SpaceX raises $75bn ahead of world's biggest stock market launch
SpaceX, founded by Elon Musk, has successfully raised $75 billion in its initial public offering (IPO), marking the largest IPO in history, with shares priced at $135. This significant financial milestone positions the company for a market valuation of approximately $1.77 trillion, with trading set to commence on June 12, 2026.
WPN Brief
- What Happened
SpaceX, founded by Elon Musk, has successfully raised $75 billion in its initial public offering (IPO), marking the largest IPO in history, with shares priced at $135. This significant financial milestone positions the company for a market valuation of approximately $1.77 trillion, with trading set to commence on June 12, 2026.
- Why It Matters
This IPO not only solidifies SpaceX's status as a leader in the aerospace industry but also places Elon Musk on the verge of becoming the world's first trillionaire, highlighting the immense financial potential of private space ventures.
- The Bigger Picture
The IPO has generated considerable interest, with retail investor orders exceeding $100 billion, reflecting a robust demand for shares. However, analysts have raised concerns about the company's valuation, suggesting it may be overvalued, which adds a layer of complexity to the narrative surrounding SpaceX's financial future.