SpaceX Prices IPO at $135 per Share, Raising $75 Billion in Largest Public Markets Debut Ever

SpaceX Prices Record IPO at $135 per Share

Space Exploration Technologies Corp. officially priced its initial public offering at $135 per share on June 11, 2026, according to TechCrunch. The company is raising $75 billion through the sale of 555.6 million shares to underwriters, making this the largest IPO in history. The previous record was held by Saudi Aramco, which raised $24.9 billion in its December 2019 public markets debut. SpaceX will begin trading on the Nasdaq stock exchange on June 12 under the ticker symbol SPCX.

Demand Signals and Greenshoe Optionality

According to TechCrunch, anecdotal reports suggest that institutional and retail investors are positioning to purchase SpaceX shares ahead of trading. The underwriting syndicate holds the option to bring an additional 83.3 million shares to market if demand is sufficiently strong, which would raise an estimated $11 billion at the current pricing level.

Derivative markets are pricing SpaceX shares higher than the IPO price. TechCrunch reports that Hyperliquid, a crypto betting market offering synthetic exposure to SpaceX equity, currently prices the shares at $167, suggesting market participants anticipate approximately 20% opening-day appreciation.

Valuation and Long-Term Engineering Questions

At the $135 offering price, SpaceX’s valuation positions CEO Elon Musk to become the world’s first trillionaire, according to TechCrunch’s reporting. However, the outlet notes that “there are big open questions about how SpaceX will be able to justify its eye-popping valuation.” The company’s engineering roadmap includes the world’s largest reusable rocket, a new American chip fabrication facility, and other undisclosed programs—what TechCrunch characterizes as a daunting to-do list.

Why This Matters

For NASA and the Department of Defense, SpaceX’s public liquidity fundamentally changes vendor-risk assessment for multi-year launch contracts and national-security payload missions. A publicly traded SpaceX faces quarterly earnings scrutiny and shareholder capital-allocation pressures that differ from its prior private structure—a shift that will influence how government agencies evaluate SpaceX’s financial stability and execution credibility in long-duration procurement decisions starting in Q3 2026. For retail investors entering at the IPO, the gap between derivative-market pricing ($167) and the official price ($135) reflects asymmetric information—early shareholders should monitor quarterly updates on Starship development costs and chip-fab timelines, as execution shortfalls on either program could revalue the stock downward if they push timelines beyond current market expectations.