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SpaceX is public: Everything you need to know post-IPO
SpaceX’s initial public offering on June 12, 2026, was the largest in history, pricing 555.6 million shares at $135 each to raise $75 billion, making CEO Elon Musk the world’s first trillionaire. The stock opened at $150 on Nasdaq (up 11%) and closed at $160.95 (up 19%), rising further to $186.15 on the second day, driven by record trading volume on platforms like Robinhood. Key details from the IPO: SpaceX lost $4.9 billion on revenues of over $18 billion in 2025, with cumulative losses exceeding $37 billion. Musk holds 85.1% of voting power. Approximately 4,400 employees could become millionaires. Banks earned about $500 million in fees, with Goldman Sachs and Morgan Stanley as top beneficiaries. In a CNBC interview, COO Gwynne Shotwell suggested a merger with Tesla “might make Elon’s life a little easier.” The S-1 filing highlighted SpaceX’s focus on Starlink satellite internet, AI via its xAI division, and murky Starship reusability. Pre-IPO deals included Anthropic paying $1.25 billion per month and Google paying $920 million per month for compute capacity. Musk celebrated the IPO on X, reposting insider photos of green shoes (a nod to the “green shoe” over-allotment option). TechCrunch provided ongoing coverage, including an Equity podcast analysis. Investors faced potential dilution, as warned in the S-1, and SPV investors faced hidden fees and payout delays after lock-ups lift.