SpaceX IPO — reported largest in history

On June 12, 2026, SpaceX held its initial public offering, raising approximately $86 billion — reported as the largest IPO in history. The listing put a public market value on the company that had spent two decades transforming spaceflight, and the surge in Musk's SpaceX and Tesla holdings around it briefly made him the first person with a net worth above one trillion US dollars.

The IPO capped a remarkable stretch for the company. In the same period SpaceX acquired Musk's AI company xAI — folding frontier AI in alongside launch and Starlink — and announced Terafab, a semiconductor-fabrication joint venture with Tesla. By 2026 SpaceX employed roughly 22,000 people and was launching more than any other provider on Earth.

For a company that nearly went bankrupt in 2008 after three straight Falcon 1 failures, a record-setting public debut eighteen years later is a striking measure of how far reusable rockets, Dragon and Starlink carried it — and of how much investor conviction had built up in the privately held company before it ever traded.