Starlink · SpaceX · Elon Musk · Tesla · Crypto Briefing
The nearly 4x oversubscription suggests that institutional investors believe there’s still significant upside
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◎ Multiple-sources
But Musk’s involvement in multiple ventures, from Tesla to xAI to his government-adjacent activities, creates a unique risk profile.
Key facts
- The company priced its initial public offering at $135 per share on June 11, 2026, raising $75 billion through the sale of 555.6 million shares
- The offering values SpaceX at approximately $1.77 trillion, eclipsing Saudi Aramco’s record-setting debut back in 2019
- Revenue hit $18.7 billion in 2025, driven primarily by Starlink subscriptions
- Total demand for the offering reached roughly $250 billion, meaning the IPO was nearly four times oversubscribed
Summary
Elon Musk's rocket company shatters Saudi Aramco's record with a nearly 4x oversubscribed offering that could make him the world's first trillionaire. SpaceX went public, and the numbers are genuinely staggering. The offering values SpaceX at approximately $1.77 trillion, eclipsing Saudi Aramco’s record-setting debut back in 2019. Total demand for the offering reached roughly $250 billion, meaning the IPO was nearly four times oversubscribed. BlackRock, the world’s largest asset manager, placed a notable order of at least $5 billion.