SpaceX targets a record $2 trillion valuation as it lists on Nasdaq next month, amid mixed historical performance for large IPOs.
SpaceX filed its IPO registration on May 20, aiming for a $2 trillion valuation—the largest in U.S. history. Shares will trade under the ticker SPCX on the Nasdaq starting June 12.
Historically, IPOs average a 30% first-day pop, but the 10 largest U.S. IPOs have underperformed the S&P 500 by 127 percentage points post-listing. SpaceX’s revenue growth slowed to 15% in Q1 2026, though its expansion into AI via xAI may diversify its business.
The offering’s scale and mixed track record for mega-IPOs could influence investor sentiment ahead of trading.