Tag: IPO

SpaceX’s capex for its AI business reached 7.7 billion dollars in just the first quarter of 2026 a major acceleration from 12.7 billion for all of 2025.

Goldman Sachs led a 21-bank syndicate that allocated nearly a third of the SpaceX IPO to retail investors via major brokerage platforms.

SpaceX’s opening day pushed its market capitalization past the 2 trillion dollar mark making it one of the most valuable companies in the world.

SpaceX began trading on Nasdaq under the ticker SPCX in a moment celebrated by employees with a bell-ringing ceremony at Times Square.

The 75 billion dollar SpaceX raise surpassed Saudi Aramco’s 29 billion dollar IPO to set a new all-time global record.

Google co-founder Larry Page is the closest rival to Musk but his 296 billion dollar fortune falls far short of the new trillion-dollar mark.

Research firm Morningstar raised questions about SpaceX’s valuation citing the gap between the company’s current revenues and its market cap.

The xAI segment which includes X recorded a widening operating loss in 2025 but also showed significant revenue growth of 22%.

SpaceX went public on June 12 with stock opening at 150 dollars per share and climbing 20% making it the largest IPO in recorded history.

SpaceX’s IPO combined with Tesla holdings lifted Musk’s personal wealth to over 1.2 trillion dollars making him the first trillionaire.