SpaceX goes public in record $75B IPO, ringing the bell from Starbase
Elon Musk's rocket company staged the largest IPO in history, and it tied the listing directly to Texas.
SpaceX began trading on the Nasdaq on June 12 under the ticker SPCX, raising roughly $75 billion in what stands as the largest initial public offering ever completed. Shares opened at $150 against an IPO price of $135 and closed the first session up about 19 percent, briefly pushing the company's market value past $2 trillion and into the ranks of the most valuable U.S.-listed firms.
The company staged dual bell-ringing ceremonies, one at Nasdaq's MarketSite in Times Square and another at its Starbase facility in South Texas. SpaceX also paired its primary Nasdaq listing with Nasdaq Texas, a deliberate signal tying the offering to the state where the company is now headquartered.
Why it matters
A listing of this scale resets the bar for what a private company can command before going public, and it hands SpaceX a publicly traded currency for acquisitions and Starlink expansion. It also gives public-market investors their first direct stake in a business that had stayed private far longer than peers.
The Austin angle is hard to miss. SpaceX moved its corporate home to Starbase, and the decision to dual-list on Nasdaq Texas ties the biggest IPO in market history to the same regional ecosystem that has drawn Tesla, Oracle's former HQ move and a wave of venture activity to Central Texas.
Reported by Next in Austin. Based on reporting from NPR.
