economy
SpaceX IPO: Live updates on everything you need to know
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's IPO is the largest in history, raising $75 billion.
- Elon Musk could become the world's first trillionaire due to the IPO's valuation.
- SpaceX shares opened at $150 on Nasdaq, an 11% increase, and continued to rise.
- Robinhood reported record-breaking traffic on its platform following the IPO.
- SpaceX COO Gwynne Shotwell suggested a merger between SpaceX and Tesla could simplify Musk's life.
- Banks earned approximately $500 million in total fees from the IPO, with Goldman Sachs and Morgan Stanley being major beneficiaries.
- Elon Musk expressed appreciation for SpaceX employees via X, noting their contributions.
- SpaceX has a history of significant financial losses, with $4.9 billion lost in 2025 on over $18 billion in revenue.
- Elon Musk holds about 85.1% of the company's voting power.
- Approximately 4,400 SpaceX employees could become millionaires.
- The S-1 registration document revealed insights into SpaceX's financials, including its Starlink satellite internet offering and xAI division.
- SpaceX warned investors of potential dilution after going public.