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SpaceX IPO Shatters Records

SpaceX's blockbuster IPO raised record funds and sent shares soaring on debut.

June 15, 2026 · Updated Jun 15, 5:15pm ET

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What happened

SpaceX’s historic Nasdaq debut grew even larger after underwriters exercised their option to buy additional shares, lifting the total raised from an initially reported $75 billion to about $85.7 billion, or nearly $86 billion. The Elon Musk-led rocket, satellite and AI company already had the biggest IPO on record before the extra allotment pushed the proceeds higher. The offering capped years of investor fascination with SpaceX’s reusable rockets and Starlink network, while giving the company a massive new pool of capital for its next phase as a public company. Billionaire investor Ron Baron’s prediction that SpaceX could become a $40 trillion company underscored the scale of expectations surrounding the listing.