The stock opened at $150, marking an 11% increase, and climbed 30% by midday. Platforms like Robinhood reported record-breaking traffic as retail and institutional investors rushed to secure positions in the aerospace giant. Despite the enthusiasm, the company’s S-1 filing reveals a complex financial reality: SpaceX reported losses of $4.9 billion on $18 billion in revenue during 2025, bringing its cumulative losses since inception to over $37 billion.
In section Startups & Technology
SpaceX Hits Nasdaq in Record-Breaking $75 Billion IPO
SpaceX has officially entered the public markets, pricing 555.6 million shares at $135 each to raise $75 billion. This historic debut not only cements the company’s position as the largest IPO ever recorded but also pushes Elon Musk’s personal wealth toward the trillion-dollar threshold as trading activity surges on the Nasdaq.
Governance remains heavily concentrated, with Elon Musk retaining approximately 85.1% of voting power, a structure that effectively grants him near-total control over the firm’s future direction. During a CNBC interview, COO Gwynne Shotwell stoked further speculation regarding the company’s relationship with other Musk-led ventures, noting that a merger between SpaceX and Tesla could potentially simplify the CEO's operational life. While roughly 4,400 employees stand to see their equity stakes convert into significant personal wealth, investors are bracing for the volatility associated with the firm's ambitious Starlink expansion and its capital-intensive Starship development program.
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