SpaceX Went Public for 1.77 Trillion Dollars, the Biggest IPO Ever, and Wall Street Still Cannot Agree If It Is a Rocket or a Balloon
2026-06-12
“The largest public offering in human history priced on vibes, a Mars roadmap, and the unshakeable faith that Elon will figure it out, which is either the trade of the decade or the front edge of the bubble.”
On June 12, SpaceX strolled onto the Nasdaq under the ticker SPCX, priced at 135 dollars a share, and raised about 75 billion dollars at a 1.77 trillion dollar valuation. That is the largest IPO in history by a country mile, beating Saudi Aramco's record by more than two and a half times. The stock popped, closed up around nineteen percent, and a generation of bankers high-fived over a number with twelve zeroes.
Here is the small print nobody chants from the trading floor. To justify 1.77 trillion dollars, SpaceX has to grow at a rate no company in history has ever sustained. You are not buying what Starlink and Falcon earn today, you are buying a flawless decade of Starship, satellite internet, and a Mars colony priced as if it already shipped. Wall Street analysts are openly split between calling it a holy grail and a leap of faith, which is a polite way of saying half of them think it is worth a fraction of the price.
And then there is the man himself, whose attention is currently divided between a car company, a social network, a brain-chip startup, and now the most valuable rocket firm on earth. Investors did not just buy a business, they bought a bet that one famously distractible billionaire keeps every plate spinning at once. Bold. The kind of bold that funds either a Mars base or a very expensive lesson.
- On June 12, 2026, SpaceX began trading on the Nasdaq under the ticker SPCX at an IPO price of 135 dollars per share.
- The offering of roughly 555.6 million shares raised about 75 billion dollars at a valuation near 1.77 trillion dollars.
- It is the largest IPO in history, surpassing Saudi Aramco's 2019 record of 29.4 billion dollars by more than 2.5 times.
- Shares jumped as much as 25 percent intraday to a high of 168.75 dollars, briefly pushing the market cap past 2.2 trillion dollars, and closed up about 19 percent.
- Wall Street analysts were openly divided, with critics arguing the valuation requires unprecedented sustained growth to justify.
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Say what you like about the price, SpaceX earned the spotlight. It is the most consequential aerospace company on the planet, it actually lands its rockets, and Starlink reaches places no cable ever will. A record-shattering IPO is a real milestone for an industry that used to depend entirely on government cheques. If anyone can grow into a number this silly, it is probably them.
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Anyone hoping for a sober valuation, and possibly the retail investors buying at the top because a rocket went up on a chart. The burn is not that SpaceX is a bad company, it is genuinely extraordinary, the burn is paying 1.77 trillion dollars today for sixty years of flawless execution that has not happened yet. Aramco's record stood for seven years and got vaporised by a company that still loses money on the way to Mars.
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