![Hon. Festus Keyamo SAN arrives MMIA past 11:50 p.m. Feb 23 to lead oversight of Terminal 1 fire. Joined FAAN MD & team actively managing situation. Directed morning inspection Tuesday to guide restoration & confirm safety standards. Reaffirmed focus on passenger safety. Story: [link] #KeyamoMMIA #FireIncident #FAAN](https://fullcliphq.com/wp-content/uploads/2026/02/mym-150x150.jpg "MMIA Fire: Keyamo Inspects Lagos Airport After Terminal 1 Blaze Disrupts Flights")
SpaceX has priced the largest initial public offering in history, raising approximately $75 billion by offering 555,555,555 shares of Class A common stock at $135 per share.
The pricing values the company at roughly $1.77 trillion on a post-IPO basis. Trading is scheduled to begin today, June 12, 2026, on the Nasdaq Global Select Market and Nasdaq Texas under the ticker symbol SPCX.
The offering surpasses the previous record set by Saudi Aramco in 2019, which raised about $29 billion. Proceeds will be used to expand AI compute capacity, launch infrastructure, Starlink satellite deployment, and general corporate purposes. Underwriters have a 30-day option to purchase an additional 83.3 million shares.
Founded in 2002 by Elon Musk, SpaceX has grown into a major player in launch services, satellite communications, and advanced technology development. The company has conducted over 650 orbital launches with a success rate above 99 percent and delivered more than 80 percent of the world’s mass to orbit in 2025. It operates approximately 9,600 Starlink satellites, serving around 10.3 million subscribers in 164 countries with median download speeds of 225 Mbps.
For the full year 2025, SpaceX reported revenue of $18.67 billion, up 33 percent from 2024, driven largely by its Starlink connectivity business. The company recorded an operating loss of $2.59 billion and a net loss of $4.94 billion, reflecting continued heavy investment in research and development, particularly for the Starship program and AI infrastructure. Adjusted EBITDA stood at $6.58 billion. In the first quarter of 2026, revenue reached $4.69 billion.
The IPO structure included a significant allocation – around 30 percent – to retail investors, which is unusually high compared to typical offerings. Demand was strong, with retail orders reportedly exceeding $100 billion. Elon Musk is expected to retain substantial voting control through dual-class shares following the listing.
The debut comes as SpaceX advances multiple ambitious projects, including routine booster reuse, crewed missions to the International Space Station, satellite-to-mobile services, and development of the fully reusable Starship vehicle. The company has also integrated AI capabilities following its acquisition of xAI.
Trading today will provide the first market test of investor appetite for the stock. The IPO represents a significant milestone for private space companies transitioning to public markets and could influence broader perceptions of the commercial space industry’s long-term potential.