Anthropic · OpenAI · SpaceX · Elon Musk · xAI · South Korea · NPR Technology
Earlier this year, it acquired Musk's AI startup xAI
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At the center of it all is Musk, who has an iron grip on the company as chairman of the board and chief executive officer.
Key facts
- The company raised some $75 billion selling more than 555 million shares at its offer price of $135, making it the biggest IPO in history
- SpaceX's Starship 39 rocket launches from Starbase during the 12th test flight as seen from South Padre Island, Texas, on May 22, 2026
- SpaceX stock, listed on the Nasdaq under the SPCX ticker, rose 19% on its first day of trading to close at $160.95
- Its IPO prospectus reported a net loss of $4.3 billion in the first quarter of this year, and critics have questioned its stratospheric valuation
Summary
SpaceX's Starship 39 rocket launches from Starbase during the 12th test flight as seen from South Padre Island, Texas, on May 22, 2026. SpaceX's newly listed stock leapt on its first day of trading on Friday, after an initial public offering that shattered records and made CEO Elon Musk the world's first trillionaire. SpaceX stock, listed on the Nasdaq under the SPCX ticker, rose 19% on its first day of trading to close at $160.95. The company raised some $75 billion selling more than 555 million shares at its offer price of $135, making it the biggest IPO in history. To punctuate the big day, SpaceX launched a rocket in Florida about an hour before the stock market opened.