SpaceX is public: Everything you need to know post-IPO

SpaceX has captured the attraction of media, investors, and the nationalist for years present — involvement propelled by the company’s reusable rocket launches, the emergence of its Starlink outer network, and of course, for its laminitis and CEO Elon Musk.

But successful its 24-year history, thing rather compared to its archetypal nationalist offering. Everyone seemed funny — possibly due to the fact that of the sheer size of the IPO. The institution priced its 555.6 cardinal shares astatine $135 each to rise $75 billion, making it the largest IPO successful past and turning Musk into the world’s archetypal trillionaire.

TechCrunch has followed SpaceX’s start, struggles, and successes from the aboriginal days. And we’re present for what happens adjacent too. Here is your go-to landing leafage for each the applicable SpaceX IPO news, including notable updates present that the institution is public.

SpaceX is present public. What’s next?

On its archetypal afloat time of trading, SpaceX shares pushed adjacent higher. As of 2:30 p.m. ET, SpaceX shares were up much than 15% to $186.15.

The latest connected the SpaceX IPO

SpaceX shares opened June 12 astatine $150 connected the Nasdaq nationalist exchange, an 11% popular for the astir anticipated debut successful history. And it has continued to rise. The shares kept rising too. In midday trading, SpaceX shares soared 30%. SpaceX shares closed astatine $160.95, up 19%.

There has been dense trading volume, arsenic expected. Robinhood said it has seen “record-breaking traffic connected its trading level successful the hours aft SpaceX’s historical nationalist markets debut.

SpaceX COO Gwynne Shotwell was interviewed by CNBC connected June 12 and among the galore absorbing comments she made, present is 1 that mightiness get the attraction of Tesla shareholders. At 1 constituent successful the interview, Shotwell said a “merger betwixt SpaceX and Tesla mightiness marque Elon’s beingness a small easier.”

Among the winners are the banks, which person brought successful astir $500 cardinal in full fees. The large winners are Goldman Sachs and Morgan Stanley, per the WSJ.

Musk took to X, the societal media institution helium owns, to stock his appreciation of SpaceX employees arsenic the banal rose. “I emotion the unthinkable radical of SpaceX beyond words,” he wrote Friday afternoon. He besides reposted a fig of SpaceX IPO related posts, including a photograph of insiders each wearing greenish shoes in what appears to beryllium a motion to “the greenish footwear option.” This is simply a proviso successful an IPO underwriting statement that lets underwriters merchantability up to 15% much shares than primitively planned if request is strong.

To get a deeper look into what happened, and each the far-ranging implications of SpaceX present being a publically traded company, Senior Reporter Sean O’Kane and AI Editor Russell Brandom sat down for a peculiar occurrence of our Equity podcast, which you tin perceive to close here oregon via your podcast subordinate of choice, oregon queue it up connected YouTube here.

How to way the SpaceX IPO

With an offering this large, determination is simply a batch of fiscal machinery operating down the scenes — truthful the archetypal question is conscionable erstwhile the banal makes it to the marketplace to commencement trading. SpaceX is debuting connected Nasdaq and you tin spot the authoritative Nasdaq listing here, which volition person the terms of grounds arsenic soon arsenic determination is one. Nasdaq besides has video of the SpaceX unit ringing the bell, if that’s your thing.

But the terms is conscionable portion of the picture. For the astir up-to-the-minute information, your champion stake is inactive fiscal property outlets similar Bloomberg and CNBC, some of which person liveblogs moving and volition person adjacent sum of immoderate hiccups that hap successful getting the banal to market.

The SpaceX IPO, by the numbers

Here we look astatine immoderate of the bigger numbers, the consequential figures, and the eyewatering amounts that marque up the company’s S-1 form. 

For instance, SpaceX lost $4.9 billion on revenues of over $18 cardinal successful 2025. That’s only a fraction of the much than $37 billion lost since SpaceX’s inception. 

As CEO, Elon Musk holds about 85.1% of the company’s voting power. You tin work much astir that successful the adjacent conception “Who wins and who doesn’t” — and we’ll proceed to driblet absorbing numbers successful here.

Here is different fig that caught our attention… 4,400. That’s the fig of SpaceX employees who could go millionaires, according to the NYT.

Elon Musk can’t hear you implicit the dependable of his $1.75 trillion IPO: The Equity podcast weighs successful connected the IPO.

Who wins and who doesn’t

SpaceX is the world’s largest IPO successful past and means a large payday for immoderate investors, employees, and of course, Elon Musk.

Who volition payment astir from SpaceX IPO? Mostly Elon — and a fewer from his interior circle: Elon Musk has the largest involvement successful SpaceX by billions of shares, but others besides basal to win. Here’s the rundown of who owns what.

SpaceX SPV investors won’t cognize their existent holdings until post-IPO lock-ups lift: After SpaceX makes its nationalist debut, lower-tier SPV investors look hidden fees, lengthy payout delays, and the hazard of outright fraud.

What’s successful the S-1

The S-1 registration document gave the satellite an unprecedented look wrong SpaceX, including its financials and its assorted businesses. The S-1 continued to beryllium amended arsenic the IPO day approached, and we were connected it. Here is what we found.

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk astatine the center: The contents of the SpaceX IPO details a concern dominated by its Starlink outer net offering, much than $37 cardinal successful losses, and aboriginal concern prospects done its xAI division.

Starship’s way to reusability looks murky aft SpaceX’s S-1: SpaceX’s IPO and Starship rocket trial formation delivered 2 large information points that connection a realistic imaginativeness for the coming years — and 1 that whitethorn disappoint some the company’s boosters and its critics.

SpaceX warns investors of aboriginal dilution, adding substance to Tesla merger rumors: The institution added caller connection to its S-1, a informing to prospective investors that a large dilution could beryllium successful the cards aft it goes public.

Pre-IPO deals and events

Leading up to the IPO, SpaceX locked successful a drawstring of deals, mostly selling disconnected compute to amended its equilibrium sheet.

Anthropic volition wage xAI $1.25B per period for compute: Initial sum of the Anthropic woody connected May 20.

How agelong is Anthropic’s lease with SpaceX? Opinions vary: Elon Musk keeps downplaying the duration of SpaceX’s declaration with Anthropic.

Google volition wage SpaceX $920M per period for compute: A Google typical described the woody arsenic a short-term woody addressing unexpected request for its precocious launched AI products.

This nonfiction primitively published astatine 10 a.m. ET, June 12, 2026. It has been updated with caller sum of the SpaceX IPO, stock price, and different related events.