SpaceX Shares Close Up 19% After Largest IPO Of All Time
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Shares of SpaceX closed up 19% on Friday as Elon Musk ’s space exploration company made its market debut on the Nasdaq in the largest IPO in history.
Key facts
The IPO caps a remarkable journey for a company that raised nearly $12 billion in private investment since its founding in 2002 to become the world’s most valuable venture-backed startup with a most
The company posted a net loss of $4.28 billion in the first quarter of 2026, up more than 700% from a year ago
Shares of SpaceX closed up 19% on Friday as Elon Musk ’s space exploration company made its market debut on the Nasdaq in the largest IPO in history
The SpaceX offering is the first in a lineup of at least three historic IPOs this year, with generative AI giants Anthropic and OpenAI openly racing to make it to the public markets in coming months
Summary
The IPO caps a remarkable journey for a company that raised nearly $12 billion in private investment since its founding in 2002 to become the world’s most valuable venture-backed startup with a most recent private-market valuation of $1.25 trillion. Its long-awaited offering raised some $75 billion and served as an enormous liquidity event for Musk, who became the world’s first trillionaire as a result, as well as his close friend and confidant Antonio Gracias of Valor Equity Partners, who reportedly now owns a stake valued at more than $68 billion in SpaceX. Hawthorne, California-based SpaceX is also wildly unprofitable.