Overview
- SpaceX listed on Nasdaq on Friday, June 12, selling roughly 555.6 million shares at a $135 offer and raising about $75 billion in the largest IPO ever.
- The stock’s first reported trade was $150, about 11% above the offering price, after premarket indications briefly showed higher levels near $170.
- Elon Musk’s stake and a multi‑class share structure leave him with concentrated voting control, a factor that helped shape investor interest and governance outcomes.
- Company filings show a prior‑year loss of about $4.94 billion on $18.67 billion revenue and wider first‑quarter deficits driven by heavy spending on Starship development and the recently merged xAI unit while Starlink supplies an estimated 50–80% of group revenue.
- Market analysts say the valuation rests on future execution: near‑term Starship test successes and a path to profitability at xAI will be key to justifying the premium investors paid today.