SpaceX debuts as the largest IPO in history, trading under SPCX with a $1.75 trillion valuation and $75 billion raised.
SpaceX began trading on the Nasdaq on June 12, 2026, under the ticker SPCX, raising $75 billion at a $1.75 trillion valuation. The IPO marks the largest in history, reflecting investor appetite for the company’s diversified business segments.
The company’s S-1 filing reveals three segments: Space, Connectivity, and AI. In Q1 2026, SpaceX reported $4.69 billion in revenue but posted a $1.94 billion operating loss. For 2025, revenue totaled $18.67 billion, with a $2.59 billion operating loss. The Space segment, driven by Starship R&D, lost $662 million on $619 million in revenue.
Franklin Templeton CEO Jenny Johnson earlier called SpaceX a reflection of “the greatest technological change of my lifetime,” underscoring the market’s high expectations for the debut.