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.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Blue Origin announces new upper stage and engine for New Glenn
Posted: Sat, Nov 7 12:07 PM ET (1707 GMT) |
|
news links
|
|
Sunday, November 8
Interstellar Technologies selected for Space Strategic Fund’s Acceleration of Commercial Rocket Launch Demonstration Program
Interstellar Technologies — 1:19 pm ET (1819 GMT) Orbital Lasers Signs R&D Contract with JAXA to develop LiDAR Altimeter Payload for HTV-X Demonstration
Orbital Lasers — 1:19 pm ET (1819 GMT) AAC Clyde Space scales maritime data services with two additional Sedna satellites
AAC Clyde Space — 1:18 pm ET (1818 GMT) How Does Sand Flow on the Moon? Bremen’s GraviTower Enables New Insights for Future Space Missions
ZARM — 1:18 pm ET (1818 GMT) AT&T and AST SpaceMobile: Engineering the Connected World, One Handoff at a Time
ATT — 1:17 pm ET (1817 GMT) |
