SpaceX prices IPO at $135, Nasdaq listing 2026-06-12

Category: Markets
Status: confirmed
Sources: SpaceX S-1 SEC filing, Fortune
Summary: SpaceX priced its IPO at a fixed $135 per share on 2026-06-11, selling 555.6 million shares for a $75B raise at a $1.77T valuation. The company bypassed the standard roadshow price range and went directly to a fixed price. Trading on Nasdaq (ticker SPCX) begins 2026-06-12. Elon Musk retains over 82% voting control under the dual-class share structure. The S-1 explicitly describes SpaceX as an AI compute infrastructure company constructing compute capacity starting on Earth with the goal of extending to space. The $75B raise is the largest in IPO history, surpassing Saudi Aramco's 2019 $29.4B raise.
Why it matters: SpaceX positioning as orbital AI compute infrastructure signals a new class of physical infrastructure vendor with relevance to long-horizon workloads and satellite connectivity.