SpaceX IPO: Live updates on everything you need to know

SpaceX has long captivated audiences worldwide, and its recent initial public offering (IPO) marks a significant milestone in the company’s 24-year journey. With a focus on reusable rocket technology and its expansive Starlink satellite network, the excitement surrounding this IPO is palpable, especially with Elon Musk at the helm. The company has launched 555.6 million shares at a price of $135 each, aiming to raise an astonishing $75 billion. This unprecedented offering positions SpaceX as the largest IPO in history, and if successful, it could elevate Musk to become the world’s first trillionaire. On the Nasdaq exchange, SpaceX shares debuted at $150, reflecting an 11% increase—a promising start for what many are calling the most anticipated IPO to date. Midday trading revealed an even more remarkable surge, with shares climbing 30%, leading to a flurry of activity on trading platforms like Robinhood, which reported record traffic following the public offering. In an interview with CNBC, SpaceX COO Gwynne Shotwell hinted at future possibilities, even suggesting that a merger between SpaceX and Tesla might simplify Musk’s ventures. The IPO has not only captivated investors but also raised questions about the financial intricacies at play, as SpaceX's debut on Nasdaq is keenly observed. The company's S-1 registration document unveiled daunting figures, including a reported loss of $4.9 billion against revenues exceeding $18 billion for 2025. Over its lifetime, SpaceX has accumulated losses surpassing $37 billion, with Musk holding an impressive 85.1% of the voting power in the company. As many as 4,400 employees could see their fortunes change dramatically post-IPO, potentially becoming millionaires. Musk's wealth has surged, with estimates indicating his net worth now exceeds $1 trillion, a figure that has sparked both admiration and criticism. The IPO not only promises substantial payouts for investors and employees but also grants Musk a dominating influence over the company, with more than half of the voting power under his control. This could lead to significant changes in the tech landscape. The S-1 filing also highlighted SpaceX's ventures into AI and its ambitions for future growth, particularly through its xAI division. However, the path ahead may be challenging, with investors warned of potential dilution risks as the company moves forward in the public sphere. As SpaceX continues to lock in lucrative deals, including substantial agreements with entities like Anthropic and Google for computing resources, the landscape of the aerospace and tech industries could be reshaped in the wake of this groundbreaking IPO. The unfolding developments will be closely monitored as the world watches SpaceX's next steps in this new chapter of its journey.