01What happened
The story, straight
SpaceX began trading on Nasdaq on June 12, 2026, at $135 per share under the ticker SPCX, aiming to raise $75 billion in what would be the largest initial public offering in history. The IPO combines the company's rocket, AI, and social media operations into a single publicly traded entity. Elon Musk, who controls 85 percent of the voting shares, is expected to become the world's first trillionaire on paper — his wealth surpassing the GDPs of Ireland, Sweden, and South Africa, with only 20 national economies exceeding $1.1 trillion according to IMF figures cited by CNN. The IPO's centerpiece is a bet on launching AI datacenters into space.
spacex started trading on nasdaq today at $135 a share under SPCX, trying to raise $75B — the biggest IPO ever if it lands. it's all one stock now: rockets, AI, and the social media stuff. musk keeps 85% of voting power and is about to become the first trillionaire on paper, richer than ireland's entire economy. the whole pitch is AI datacenters in space.
02Spread timeline
Where it actually started
04What's solid, what isn't
Claims by status
- SpaceX began trading on Nasdaq on June 12, 2026, at $135 per share under the ticker SPCX.
- The IPO aims to raise $75 billion, which would make it the largest in history.
- Elon Musk controls 85 percent of SpaceX's voting shares.
- SpaceX's public offering is expected to make Musk the world's first trillionaire.
- Most retail investors will likely pay far more than $135 per share.
- Whether the IPO actually reaches its $75B target on the first day of trading.
- How retail investor access and share pricing will settle in the coming days.
05Why it matters
The editorial take
SpaceX's public debut is the culmination of years of anticipation and controversy around Musk's most ambitious venture. At $75 billion, it would surpass Saudi Aramco's 2019 IPO as the largest ever. The listing also concentrates unprecedented wealth in a single individual — Musk already controls Tesla, another trillion-dollar company — raising questions about market power, governance, and whether retail investors will even get access at the $135 price. The Verge's coverage frames Musk himself as the company's primary risk factor.
this is the biggest IPO ever if it hits $75B, beating saudi aramco. one dude controlling two trillion-dollar companies and 85% of voting shares is... a lot. and most regular people won't get in at $135 — that price is basically a suggestion. the verge is calling musk himself the risk factor, which says everything.