SpaceX shares rise in IPO
Posted: Sat, Jun 13, 2026, 10:21 AM ET (1421 GMT)
SpaceX went public Friday in the largest IPO in stock market history. Shares in SpaceX closed up nearly 20% in the first day of trading after the company sold $75 billion in shares. SpaceX said the proceeds of the IPO will support initiatives like Starship, expansion of its Starlink constellation, and work on AI, including proposed orbital data centers. SpaceX first signaled an interest last December in going public after stating for years that it would remain privately held to focus on long-term ambitions such as human missions to Mars. SpaceX executives insisted that despite going public they would not focus on quarterly earnings but instead its long-term goals.
SpaceX went public Friday in the largest IPO in stock market history. Shares in SpaceX closed up nearly 20% in the first day of trading after the company sold $75 billion in shares. SpaceX said the proceeds of the IPO will support initiatives like Starship, expansion of its Starlink constellation, and work on AI, including proposed orbital data centers. SpaceX first signaled an interest last December in going public after stating for years that it would remain privately held to focus on long-term ambitions such as human missions to Mars. SpaceX executives insisted that despite going public they would not focus on quarterly earnings but instead its long-term goals.
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