SpaceX IPO: Live updates on everything you need to know

Overview

TechCrunch's live coverage tracks SpaceX's initial public offering, the largest in history. The company priced 555.6 million shares at 135 dollars each to raise 75 billion dollars, a deal set to make CEO Elon Musk the world's first trillionaire. Shares opened at 150 dollars on the Nasdaq, soared as much as 30% in midday trading and closed at 160.95 dollars, up 19%. The piece also covers winners such as the underwriting banks, a notable comment from COO Gwynne Shotwell, and figures from the company's S-1 filing.

Key Takeaways

SpaceX priced 555.6 million shares at 135 dollars each to raise 75 billion dollars, the largest IPO in history.
The deal is set to make Elon Musk the world's first trillionaire.
Shares opened at 150 dollars on Nasdaq, an 11% pop, the most anticipated debut in history.
Shares soared 30% in midday trading and closed at 160.95 dollars, up 19%.
Underwriting banks brought in about 500 million dollars in total fees, with Goldman Sachs and Morgan Stanley the big winners.
SpaceX lost 4.9 billion dollars on revenue of over 18 billion dollars in 2025, part of more than 37 billion dollars lost since inception.

Stats & Key Facts

#555.6 million shares were priced at 135 dollars each, raising 75 billion dollars.
#Shares opened at 150 dollars, an 11% pop, and closed at 160.95 dollars, up 19%.
#Shares soared 30% in midday trading.
#Underwriting banks earned about 500 million dollars in total fees.
#SpaceX lost 4.9 billion dollars on revenue of over 18 billion dollars in 2025.
#SpaceX has lost more than 37 billion dollars since its inception.

The size of the deal

The IPO stands out for its scale across SpaceX's 24-year history.

›The company priced 555.6 million shares at 135 dollars each.
›The offering raised 75 billion dollars, making it the largest IPO in history.
›At this price, the deal is set to make Musk the world's first trillionaire.

TechCrunch notes it has followed SpaceX from the early days, with interest propelled by reusable rocket launches, the rise of the Starlink satellite network and founder and CEO Elon Musk.

How the stock traded on debut

›Shares opened at 150 dollars on the Nasdaq, an 11% pop.
›In midday trading, shares soared 30%.
›Shares closed at 160.95 dollars, up 19%, on heavy trading volume.

Robinhood said it saw record-breaking traffic on its trading platform in the hours after the historic debut.

A comment on Tesla

›SpaceX COO Gwynne Shotwell was interviewed by CNBC on Friday.
›She said a merger between SpaceX and Tesla might make Elon's life a little easier.
›The article flags the comment as one that might get the attention of Tesla shareholders.

Who won from the IPO

The banks were among the clear winners.

›Underwriting banks brought in about 500 million dollars in total fees.
›Goldman Sachs and Morgan Stanley were the big winners, per the WSJ.
›Musk posted on X to thank SpaceX employees as the stock rose.

Musk reposted IPO-related items, including a photo of insiders wearing green shoes, a nod to the 'green shoe option,' which lets underwriters sell up to 15% more shares than planned if demand is strong.

How to track the IPO

›SpaceX is debuting on Nasdaq, which lists the official price of record.
›Nasdaq also has video of the SpaceX crew ringing the bell.
›TechCrunch recommends financial press outlets like Bloomberg and CNBC, both running liveblogs.

The numbers inside the S-1

The filing reveals large losses against large revenue.

›SpaceX lost 4.9 billion dollars on revenue of over 18 billion dollars in 2025.
›That loss is only a fraction of the more than 37 billion dollars lost since inception.
›TechCrunch frames these as the consequential figures making up the S-1.

Senior Reporter Sean O'Kane and AI Editor Russell Brandom recorded a special Equity podcast episode to discuss the day and its implications.

Frequently Asked Questions

How large was the SpaceX IPO?

SpaceX priced 555.6 million shares at 135 dollars each to raise 75 billion dollars, making it the largest IPO in history.

How did SpaceX shares perform on the first day?

Shares opened at 150 dollars on Nasdaq, an 11% pop, soared 30% in midday trading and closed at 160.95 dollars, up 19%.

How much did the banks earn?

Underwriting banks brought in about 500 million dollars in total fees, with Goldman Sachs and Morgan Stanley the big winners.

What did the S-1 reveal about SpaceX's finances?

SpaceX lost 4.9 billion dollars on revenue of over 18 billion dollars in 2025, part of more than 37 billion dollars lost since the company's inception.

What is the green shoe option referenced in the article?

It is a provision in an IPO underwriting agreement that lets underwriters sell up to 15% more shares than originally planned if demand is strong.

SpaceX's record 75 billion dollar IPO debuted with a strong first-day pop, large bank fees and S-1 figures showing heavy losses alongside large revenue.