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SpaceX IPO'd on June 12, 2026. SPCX opened at $150, hit $168.75, closed $161.11 (+19%). $75B raised at $1.77T — the largest IPO in history. 400%+ oversubscribed. Track financials, Starlink growth, and Starship progress.
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Updated Nov 4, 2026: added SpaceX's Q3 2026 results from its first full quarter as a public company (revenue $14.6B, up 161%) and the November 4 close; IPO-day figures below are kept as history.
Yes — SpaceX is now a public company. It IPO'd on June 12, 2026 on the Nasdaq under the ticker SPCX, priced at $135/share for a $1.77 trillion valuation and a $75B raise — the largest IPO in history. Shares closed day one at $161.11 (+19%), implying a market cap of roughly $2.1T. As of the November 4, 2026 close, SPCX traded at $135.92/share, about a $1.85 trillion market cap — back near the IPO-day valuation after ranging from $104.83 to $225.64 since listing. In Q3 2026 it reported revenue of $14.6B, up 161%, and $4.4B of net income.
How to invest: Now that SPCX is public, anyone with a brokerage account can buy shares directly. Musk allocated ~30% of the IPO to retail (3–6x the norm). For the pre-IPO routes and fund exposure, see how to invest in SpaceX and the Robinhood RVI fund's SpaceX exposure.
Q3 2026 figures below are from SpaceX's October 20, 2026 earnings release and Q3 2026 10-Q. SpaceX went public on Nasdaq (SPCX) on June 12, 2026 — the largest IPO in stock market history. Priced at $135/share, it opened at $150, hit a day-high of $168.75 (+25%), and closed at $161.11 (+19%). The offering raised $75B on 556.6M shares and was 400%+ oversubscribed. Morgan Stanley led stabilization. Satellite stocks (Planet Labs, AST SpaceMobile) dropped 10%+ on the day. For the full VC return math, see our $60B+ VC returns analysis.
| Metric | Value | Notes |
|---|---|---|
| IPO Price | $135/share | 556.6M shares offered on Nasdaq (SPCX) — June 12, 2026 |
| Day 1 Open | $150.00 | +11.1% from IPO price on 58M opening shares |
| Day 1 High | $168.75 | +25% from IPO price — session high |
| Day 1 Close | $161.11 | +19.3% from IPO price — $1.77T market cap |
| Capital Raised | $75B | Largest IPO in history — 3x Alibaba's record; Morgan Stanley stabilization |
| Oversubscription | 400%+ | Demand 4x the available shares |
| Retail Allocation | ~30% | 3-6x typical 5-10% — Musk insisted on retail access |
| Musk Voting Control | 82%+ | Retains control post-IPO |
| Q3 2026 Revenue | $14.6B | Up 161% from $5.6B; first full quarter as a public company (Oct 20 release, 10-Q) |
| Nine-Month 2026 Revenue | $27.1B | Up from $13.7B in the first nine months of 2025 |
| Q3 2026 Net Income | $4.4B | Income from operations $2.8B; adjusted EBITDA $8.8B (non-GAAP) |
| Connectivity (Starlink) Revenue, Q3 | $5.2B | Up 69% YoY; segment income from operations $2.4B (+99%) |
| Starlink Consumer Subscribers | 13.6M | As of Sep 30, 2026, up 1.6M in the quarter; consumer ARPU $69/month |
| Super Intelligence (SI) Revenue, Q3 | $7.6B | xAI/Grok, cloud services agreements and Cursor; 1.7 GW of nameplate compute |
| Space Segment Revenue, Q3 | $1.8B | Launch and development; 35 launches in Q3, 113 in the first nine months |
| Q3 2026 Capex | $19.6B | $16.4B of it for the SI segment (COLOSSUS II buildout) |
| Market Cap / Annualized Q3 Revenue | ~32x | Our math: ~$1.85T (Nov 4 close) vs $58.3B (Q3 revenue x 4) |
| Claimed TAM | $28.5T | Per S-1 filing — mostly AI enterprise applications |
| Company | Valuation / Market Cap | Revenue (est.) | Status |
|---|---|---|---|
| SpaceX (SPCX) | ~$1.85T (Nov 4, 2026) | $27.1B (9M 2026, reported) | Public (NASDAQ) — IPO'd June 12 |
| Blue Origin (Amazon/Bezos) | Private (est. $15–20B) | ~$1–2B | Private |
| Rocket Lab (RKLB) | ~$12–15B | ~$600M–$800M | Public (NASDAQ) |
| United Launch Alliance | Acquired by Sierra Space/L3Harris talks | ~$2–3B | JV (Boeing/Lockheed) |
| Relativity Space | ~$4B (last round) | Pre-revenue | Private |
| Planet Labs (PL) | ~$2–3B | ~$250M | Public (NYSE) |
SpaceX sold 555.6 million shares at a fixed $135 per share — a $75B raise at a $1.77T valuation, more than triple Alibaba's record for the largest IPO ever. The stock listed on Nasdaq under ticker SPCX on June 12, 2026. Goldman Sachs led the offering, followed by Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.
At $1.77T, SpaceX debuts as roughly the seventh-most-valuable company in the U.S. — above Tesla (~$1.6T). That's a massive step up from the ~$350B Q1 2026 tender pricing, reflecting public-market appetite for the full bundle: launch dominance, the Starlink subscription business (Connectivity revenue of $5.2B in Q3 2026 alone, up 69%), and the Starship option on the future.
For years the consensus was a standalone Starlink spinout IPO while SpaceX stayed private. The actual deal flips that: public investors get the whole company — launch, Starlink (13.6M consumer subscribers at Sep 30, 2026, plus hundreds of thousands of enterprise subscribers), the Super Intelligence segment built on Grok and Cursor, and Starship development — in a single listing.
Until now, the only way into SpaceX was secondary platforms like Forge Global, EquityZen, and Hiive at $100K+ minimums, subject to SpaceX's right of first refusal — with implied valuations climbing from $180B in late 2023 to $350B by early 2026. Anyone who bought on secondaries at those marks is sitting on a large paper gain at the $1.77T IPO price. After June 12, access is a brokerage account.
| Milestone | Status | Why It Matters for IPO |
|---|---|---|
| First orbital flight | Flight 14 (Q3 2026) reached orbit | SpaceX's first orbital Starship flight, per its Q3 2026 release |
| Booster catch (chopsticks) | Successfully demonstrated | Key reusability proof point |
| Ship reentry & landing | In progress — improving each flight | Full reusability = 10x cost reduction |
| Payload deployment | First revenue mission flown (Q3 2026) | Flight 14 delivered 26 Starlink V3 satellites, ~10x a Falcon 9 Starlink launch's downlink capacity |
| Rapid turnaround reuse | Not yet achieved | Long cited by Musk as an IPO precondition — the listing came first |
| Human-rated Starship | In development (NASA Artemis HLS) | Government contract anchor |
The IPO priced SpaceX at $1.77 trillion ($135/share); after closing its first trading day at $161.11, the implied market cap was roughly $2.1 trillion. The IPO opened at $150 and was 400%+ oversubscribed. The stock has moved since: at the November 4, 2026 close of $135.92/share, per stockanalysis.com, the market cap was about $1.85 trillion on 13.58 billion shares outstanding.
SpaceX went public on Nasdaq under ticker SPCX on June 12, 2026. The stock priced at $135/share, opened at $150, hit $168.75 intraday, and closed at $161.11 (+19%). Morgan Stanley led stabilization. It raised $75B — the largest IPO in stock market history.
SPCX trades on Nasdaq as of June 12, 2026. Anyone with a brokerage account can buy it. Before the IPO, the only routes were secondary platforms (Forge, EquityZen, Hiive) at $100K+ minimums. Musk allocated ~30% of IPO shares to retail investors — 3-6x the typical 5-10%.
SpaceX reports Starlink inside its Connectivity segment, which earned $5.2B of revenue in Q3 2026 (up 69% year over year) and $12.8B in the first nine months of 2026, with $2.4B of Q3 income from operations, per its October 20, 2026 release. Consumer revenue was $3.1B and enterprise and government revenue $2.1B in the quarter. Starlink had 13.6M consumer subscribers at September 30, 2026, paying an average $69 a month, plus hundreds of thousands of enterprise subscribers and more than 3,800 aircraft.
SpaceX's Q3 2026 release counts 128 launches in the first nine months of 2025 and 113 in the first nine months of 2026, including 35 in Q3 2026 (12 for customers, 23 internal). Space segment revenue, mostly launch, was $1.8B in Q3 2026 and $3.3B for the first nine months, roughly flat with 2025.
In Q3 2026 SpaceX completed Starship Flight 14, its first orbital Starship flight and first revenue-generating Starship mission, delivering 26 Starlink V3 satellites, per its October 20, 2026 release. The Super Heavy booster has been caught by the launch tower ('chopsticks'). SpaceX also announced Starbase, Louisiana, a spaceport for thousands of Starship flights a year, with a first launch targeted for 2029. Full rapid-turnaround reusability hasn't been achieved yet.