SpaceX just pulled off the largest initial public offering in history, and it's not even close.

The company priced 555.6 million shares at $135 each, raising a staggering $75 billion. That blows past the previous record holder, Saudi Aramco, which raised $24.9 billion in its 2019 IPO. The shares will start trading on the Nasdaq on Friday.

At that valuation, Elon Musk — already the richest person on the planet — is on track to become the world's first trillionaire. The IPO cements SpaceX's status as the most valuable private company to ever go public.

The $75 billion figure is more than the combined IPO proceeds of Alibaba ($25 billion), Meta ($16 billion), and Uber ($8.1 billion). It's nearly three times what Aramco raised.

SpaceX confirmed the pricing in an update on its website Wednesday. The company sold the shares to underwriters, who will now market them to institutional and retail investors. The stock will trade under the ticker symbol SPCE.

Musk founded SpaceX in 2002 with the goal of making space travel affordable and eventually colonizing Mars. The company has since become the dominant player in commercial spaceflight, launching satellites, resupplying the International Space Station, and flying astronauts for NASA. It also operates Starlink, a satellite internet constellation with over 4 million subscribers worldwide.

SpaceX's revenue has grown rapidly, hitting $8.7 billion in 2025, according to estimates. The company is profitable, a rarity among high-profile tech IPOs. Its valuation has soared from $100 billion in 2020 to over $200 billion in private markets before the IPO.

The timing is notable: Musk has been early on several promises, but SpaceX's IPO actually arrived ahead of some internal projections. The company had initially targeted a 2027 listing.

For everyday investors, the IPO offers a rare chance to own a piece of a company that has reshaped the aerospace industry. But at $135 a share, it's not cheap. The stock is expected to pop on its first day of trading, given the hype and limited supply.

Musk's net worth, already north of $400 billion, will get a massive boost. He owns roughly 42% of SpaceX, according to filings. At the IPO price, his stake is worth about $31.5 billion — on top of his holdings in Tesla, X (formerly Twitter), and other ventures.

The IPO also makes millionaires out of thousands of SpaceX employees who hold stock options. The company has over 13,000 employees, many of whom have been with the firm for years.

Regulators had scrutinized the IPO over Musk's controversial public statements and SpaceX's reliance on government contracts. But the offering sailed through, reflecting investor confidence in the company's long-term prospects.

SpaceX's next big project is Starship, the giant rocket designed for missions to the Moon and Mars. The company has already conducted several test flights, though some ended in explosions. A successful Starship program could open up new revenue streams from space tourism and cargo delivery.

  • IPO raised $75 billion, more than triple the previous record (Saudi Aramco, $24.9 billion)
  • 555.6 million shares priced at $135 each
  • Trading starts Friday on Nasdaq under ticker SPCE
  • Elon Musk owns ~42% of SpaceX, worth ~$31.5 billion at IPO price
  • SpaceX founded in 2002, now has over 13,000 employees
  • 2025 estimated revenue: $8.7 billion
  • Starlink has over 4 million subscribers