Overview
- SpaceX completed its public debut after trading began on Friday, June 12, and raised $86 billion when banks exercised an overallotment that sold 83 million extra shares at $135 each.
- The offering generated about $85.7 billion in net proceeds after roughly $500 million in underwriting fees were deducted.
- Shares have surged about 40% since the IPO, briefly valuing SpaceX above $2.7 trillion and placing it among the world’s top five companies.
- Analysts and commentators note most current profits come from Starlink while affiliated units such as xAI show heavy losses, creating debate over how durable the overall valuation is.
- The listing has pushed venture capital and retail investors to pour money into satellite builders, laser-communications firms and other space startups, which could speed industry growth but also raise scrutiny of where new capital is deployed.