SpaceX Sets Record with $1.77 Trillion IPO on Nasdaq

SpaceX officially listed on the Nasdaq stock exchange on June 12, 2026, with its initial public offering (IPO) reaching a valuation of approximately US$1.77 trillion, marking it as the largest IPO in global history[3][10]. The company's shares are now traded publicly under the ticker symbol SPCX[6][8].

This record-setting IPO signifies a substantial moment for both the aerospace and artificial intelligence sectors, bringing a company previously accessible only through private markets into public ownership. The move reflects significant investor confidence in SpaceX's diversified operations, including its Super Intelligence division, and could influence valuation benchmarks for other technology firms considering public offerings[2][23][24].

What the records show

SpaceX, an American aerospace and artificial intelligence company founded by Elon Musk, listed its shares on Nasdaq at an IPO price of $135 per share[3][10][12]. The offering raised as much as $75 billion and achieved a valuation between $1.75 trillion and $1.77 trillion, surpassing the previous record held by Saudi Aramco[3][10]. The company's shares are now available on public stock exchanges[6].

In its third-quarter 2026 earnings report, released October 20, 2026, SpaceX announced revenue of $14.58 billion, a 161% increase year-over-year, and reported its first net income of $4.4 billion[14][15][19]. The company's Super Intelligence (SI) segment, which encompasses its AI business, generated $7.56 billion in revenue, growing 830% year-over-year and accounting for more than half of the company's total sales[13][16][20][21]. Capital expenditures for the quarter remained high at $19.59 billion, with approximately $16.4 billion, or 84% of total capex, invested in SI infrastructure[13][17][20].

Timeline

SpaceX became publicly traded on June 12, 2026, when its shares debuted on the Nasdaq exchange[3][6][10][12]. On October 20, 2026, the company reported its third-quarter earnings, exceeding analysts' expectations[15][17]. The following day, October 21, 2026, SpaceX's strong profit report contributed to a rise in the U.S. stock market, with the Nasdaq Composite climbing 1.09%[1][2][4].

What changed and for whom

The IPO made SpaceX stock, previously held privately, available to the broader public market for the first time[6][12]. This event established a new global benchmark for the largest initial public offering by valuation[3]. For investors, SpaceX's strong third-quarter earnings report, particularly the performance of its Super Intelligence segment, helped to reinvigorate optimism in the AI sector and contributed to a wider tech stock rally on Wall Street[1][2][23][24][25]. The company's stock climbed 7.8% following the earnings release[1][4].

What the subject has said publicly

SpaceX CEO Elon Musk has indicated that special committees at both SpaceX and Tesla are evaluating a potential combination of the two companies[5]. During SpaceX's third-quarter earnings call, Musk discussed the rapid expansion of the company's AI computing capacity, which subsequently led to a surge in chip stock prices[24].

What we could not confirm

PrimaryBrief could not confirm any specific details or a timeline regarding the potential combination of SpaceX and Tesla. We also could not confirm specific future investment plans for AI infrastructure beyond the company's fourth-quarter guidance for $35 billion to $40 billion in company-wide capital expenditures[18].