Space Exploration Technologies Corp. (SpaceX) has completed its initial public offering, raising approximately $85.7 billion in gross proceeds through the sale of 638.9 million shares of Class A common stock.
The total includes the full exercise of the underwriters' option to purchase an additional 83.3 million shares.
The offering closed on June 15, 2026, marking one of the largest public offerings in market history.
SpaceX shares began trading on the Nasdaq Global Select Market and Nasdaq Texas on June 12 under the ticker symbol "SPCX."
The company will use the proceeds to support its ongoing operations and growth initiatives across its launch, satellite, and space transportation businesses.
The offering was led by a syndicate of major financial institutions, including Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank Securities, RBC Capital Markets, UBS, and Wells Fargo Securities as book-running managers.
Additional co-managers included Cantor, Needham & Company, Raymond James, Societe Generale, Stifel Financial Corp., William Blair, BTG Pactual, ING, Macquarie Capital, Mirae Asset Securities, Mizuho, and Santander.
The IPO represents a significant milestone for SpaceX as the company continues to expand its commercial launch services, Starlink satellite network, and deep-space transportation programs.
Image Credits: SpaceX
SpaceX Closes $86 Billion Initial Public Offering - Largest In History
June 16, 2026
SpaceX has completed its initial public offering, raising approximately $85.7 billion and beginning trading on Nasdaq under the ticker symbol SPCX.
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