In partnership with
10x the context. Half the time.
Speak your prompts into ChatGPT or Claude and get detailed, paste-ready input that actually gives you useful output. Wispr Flow captures what you'd cut when typing. Free on Mac, Windows, and iPhone.
History was made today. SpaceX, Elon Musk's rocket and satellite empire, just priced the largest initial public offering the world has ever seen, raising a staggering $75 billion and valuing the company at roughly $1.8 trillion. That makes it one of the ten most valuable companies on the planet, bigger than Tesla, and it is set to make Musk the world's first trillionaire. The stock starts trading tomorrow. Here is what happened, why the numbers are so jaw-dropping, and what it actually means.
The Record-Shattering Numbers
The scale of this IPO is genuinely historic. SpaceX priced its 555.6 million shares at $135 each. That makes SpaceX officially the largest IPO in history, easily eclipsing the $24.9 billion in funds raised by Saudi Aramco during its 2019 public markets debut. The total raised is enormous. The IPO raised about $75 billion, making it the largest public offering in U.S. history, and values the rocket manufacturer at a whopping $1.77 trillion. Den of GeekMedium
To put that in perspective, the previous record holder, Saudi Aramco, raised about $25 billion. SpaceX raised three times that. And the resulting valuation puts SpaceX in rarefied company. With its IPO price of $135, SpaceX's valuation soared to around $1.75 trillion, making it one of the 10 biggest listed companies on Earth. That makes it larger than Tesla, Musk's other famous company, which is worth around $1.6 trillion. NPR
The stock will begin trading very soon. SpaceX is set to begin trading on Nasdaq on June 12, 2026 under the ticker SPCX, at a fixed offer price of $135 per share. And the demand has been overwhelming. The IPO is about twice oversubscribed with in excess of $10 billion in institutional orders verified. When an offering is oversubscribed, it means investors wanted to buy far more shares than were available, a strong signal of enthusiasm. MIT Technology ReviewAxios
TechCrunch on the largest IPO ever: https://techcrunch.com/2026/06/11/spacex-officially-prices-shares-at-135-in-the-largest-ipo-ever/
NPR on SpaceX's record-breaking debut: https://www.npr.org/2026/06/11/nx-s1-5853199/spacex-ipo-price-elon-musk
Musk Is About to Become the World's First Trillionaire
One of the most striking consequences of this IPO is what it does for Musk's personal wealth. At this price, the deal also looks set to make Musk the world's first trillionaire. He already controls a vast amount of the company. The biggest beneficiary of the offering is Musk himself. He owns just under 850 million Class A shares entitled to 1 vote per share. He is also entitled to another 5.6 billion Class B shares, which comes with 10 votes per share. Den of GeekDen of Geek
The structure of the deal keeps Musk firmly in control even after going public. Musk will own over 82% voting control after the offering. This is important because it means that even though anyone can now buy SpaceX stock, Musk retains near-total control over the company's decisions. Public shareholders get to own a piece and share in the gains, but they will not have much say in how the company is run. That is a deliberate choice Musk has made to keep his long-term vision, including the goal of reaching Mars, free from short-term shareholder pressure. Axios
The early signals suggest the stock could jump on its first day. Hyperliquid, a crypto betting market that attempts to offer synthetic exposure to SpaceX stock, currently prices the shares at $167, suggesting that market participants expect a classic 20% IPO pop on the first day of trading. Betting markets agree. According to Polymarket, there is an 84% chance the IPO closes above its offering price tomorrow, and a 46% chance it rises more than 20%. Den of Geekeuronews
Stocktwits on the blockbuster pricing: https://stocktwits.com/news-articles/markets/equity/spacex-finalizes-blockbuster-ipo-price-at-135-per-share-raises-record-75-billion/cZKcRuCR72z
What You're Actually Buying: Three Companies in One
Here is something important to understand about SpaceX. When you buy the stock, you are not just buying a rocket company. You are buying three very different businesses bundled together. SpaceX is made up of three businesses: space exploration, including its Falcon and Starship rockets; connectivity, such as its Starlink satellite constellation providing high-speed internet access; and artificial intelligence, though its xAI division. euronews
Each of these is at a very different stage. Starlink, the satellite internet service, is the steady moneymaker, with millions of subscribers around the world paying monthly fees. The rocket business serves NASA, the military, and commercial customers, and is the part most people think of when they hear SpaceX. And the newest addition is artificial intelligence, which has become a massive area of investment. In fact, the AI business is now consuming enormous resources. The company said the money raised will fund its growth. SpaceX said it will use the money for continued growth of its AI compute infrastructure, launch facilities and vehicles, and satellite constellations. NPR
The AI angle connects to deals we have covered recently. Last week, SpaceX entered a deal with Google under which Alphabet's subsidiary will pay $920 million per month from October 2026 through June 2029 for approximately 110,000 Nvidia GPUs plus supporting CPUs, memory, and infrastructure. The deal is similar to one inked by SpaceX with Claude-parent Anthropic and together represent potential revenue of over $70 billion. In other words, SpaceX is renting out massive amounts of computing power to AI companies, turning its infrastructure into a major new revenue stream. Medium
ZeroHedge on the three businesses behind the valuation: https://www.zerohedge.com/markets/spacex-prices-biggest-ever-ipo-135-share
What This Means For You
Here is what today's historic event means even if you never buy a single share.
First, you can now own a piece of SpaceX, but be careful. Until today, investing in SpaceX was impossible unless you were a wealthy insider or a venture capitalist. Now anyone can buy the stock starting tomorrow. That is genuinely exciting if you have always wanted to invest in space and Musk's vision. But a word of caution: buying a stock on its first day, especially one this hyped, is risky. The price could pop, but it could also fall, and at a $1.8 trillion valuation, expectations are enormous. Many analysts question whether the company is really worth that much, given that it lost nearly $5 billion last year. If you are tempted, invest only what you can afford to lose, and consider waiting for the initial excitement to settle.
Second, this is a milestone in the rise of private space. For decades, space was the domain of governments and national agencies. SpaceX going public at the largest valuation in IPO history is the clearest sign yet that space has become a real, massive, commercial industry. That shift will shape everything from satellite internet to moon missions to the eventual goal of reaching Mars, and it is happening faster than most people realize.
Third, it cements an extraordinary concentration of wealth and power. Musk becoming the world's first trillionaire, while controlling rockets, satellites, internet infrastructure, AI, electric cars, and a social media platform, is a genuinely remarkable concentration of influence in a single person's hands. Whatever you think of Musk, this IPO is a landmark moment that raises real questions about wealth, power, and the role of private companies in shaping humanity's future. The largest IPO in history is not just a financial event. It is a signal of who holds the keys to the next era of technology, and today, more than ever, a lot of those keys belong to one man.
We will keep tracking SpaceX, the space economy, and what happens when the stock starts trading. Stay sharp out there.
Your prompts are leaving out 80% of what you're thinking.
When you type a prompt, you summarize. When you speak one, you explain. Wispr Flow captures your full reasoning — constraints, edge cases, examples, tone — and turns it into clean, structured text you paste into ChatGPT, Claude, or any AI tool. The difference shows up immediately. More context in, fewer follow-ups out.
89% of messages sent with zero edits. Used by teams at OpenAI, Vercel, and Clay. Try Wispr Flow free — works on Mac, Windows, and iPhone.
10x the context. Half the time.
Speak your prompts into ChatGPT or Claude and get detailed, paste-ready input that actually gives you useful output. Wispr Flow captures what you'd cut when typing. Free on Mac, Windows, and iPhone.