economy
SpaceX is public: Everything you need to know post-IPO
TechCrunch has followed SpaceX's start, struggles, and successes from the early days. And we're here for what happens next too. This package of SpaceX IPO coverage includes who stands to win (and maybe some who won't), pre-IPO deals, and what's tucked inside its S-1 registration document.
TL;DR
- SpaceX completed the largest IPO in history, raising $75 billion and making Elon Musk the world's first trillionaire.
- Shares opened on the Nasdaq at $150, an 11% increase, and continued to rise, closing at $160.95.
- The company lost $4.9 billion on $18 billion in revenue in 2025, with total losses exceeding $37 billion since inception.
- Elon Musk holds approximately 85.1% of the company's voting power.
- SpaceX announced a $60 billion stock acquisition of Cursor shortly after its IPO.
- The S-1 filing revealed details about Starlink, AI ventures (xAI), and Starship development, alongside warnings of future dilution.
- Pre-IPO deals included significant compute-for-payment agreements with Anthropic and Google.
- Gwynne Shotwell suggested a potential merger between SpaceX and Tesla could simplify Elon Musk's life.