A live feed shows SpaceX CEO Elon Musk on the day of SpaceX’s initial public offering (IPO) on June 12, 2026, on the Nasdaq Market site in New York City, USA.
Gina Moon | Reuters
Since then space x Elon Musk’s second trillion-dollar company is the talk of Wall Street after its record IPO late last week. The first few days of trading flouted norms at every turn, from Mr. Musk becoming the world’s first millionaire to SpaceX moving ahead with a $60 billion acquisition shortly after it hit the market.
There are countless numbers that are astounding, but we will introduce some of the most representative ones.
Funds raised through IPO
SpaceX initially raised $75 billion in a public offering, more than double the size of its previous largest IPO.
Oil producer Saudi Aramco raised $25.6 billion in 2019, but that amount increased to $29.4 billion when underwriters exercised a so-called greenshoe option. and China alibaba Including underwriters’ over-allotments, the total amount was $25 billion.
SpaceX’s greenshoe allocation brought in a whopping $10.7 billion. This amount alone is larger than any previous technology IPO. UberFor example, in 2019, the chipmaker raised $8.1 billion and cerebrum Last month, it raised $6.4 billion.
facebook held the largest IPO of any U.S. technology company ahead of SpaceX, raising a total of $18.4 billion in 2012, including a greenshoe option.
SpaceX staff wore green shoes on the trading floor Friday, agreeing to the underwriters’ options.
world’s first millionaire
SpaceX’s IPO made Musk the world’s first billionaire. Musk owns about 46% of SpaceX stock, worth more than $1 trillion, and holds voting rights for about 82% of the stock. Musk’s tesla The stock is worth hundreds of billions of dollars more.
The next richest people in the world are google Co-founders Larry Page and Sergey Brin are each worth nearly $300 billion, according to Forbes. They are followed by several other technology founders. Amazon’s Jeff Bezos, Michael Dell, oracle’s Larry Ellison, Meta Mark Zuckerberg, Nvidia’s jensen fan.
Mr. Musk’s fate is not good for everyone. Progressive politicians such as Vermont Sen. Bernie Sanders, Massachusetts Sen. Elizabeth Warren, and New York City Mayor Zoran Mamdani used the opportunity to remind the public of the vast wealth inequality in the United States and the hardships average Americans face today with rising inflation.
For some investors, the issue is SpaceX’s governance. Anders Schjelde, chief investment officer at Danish pension fund Akademi Carpension, told CNBC that the fund is not buying SpaceX shares because “we cannot make the numbers work at the current valuation and we believe that the governance standards are very weak from a minority shareholder’s perspective.”
Other groups are protesting SpaceX’s IPO, citing issues such as Musk’s politics and inflammatory rhetoric, the company’s poor track record on artificial intelligence safety, and environmental concerns related to rocket launches and large data centers.
historical volume
SpaceX posted record trading volumes in its first few days as a publicly traded company.
On Friday, the first day SpaceX went public, $85 billion worth of shares traded hands. Nearly $46 billion in stocks traded on Monday, and almost $68 billion on Tuesday, bringing the average for the first three days to $66 billion.
That’s more trades than occur in popular exchange-traded funds. QQQ and spythe averages for that period were $33 billion and $46 billion, respectively.
Meanwhile, Nvidia, the world’s most valuable company, more than doubled its trading volume to an average of about $27 billion. apple For $12 billion.
Like other tech IPOs, Cerebras averaged just over $6 billion in volume in its first three days of trading. Facebook traded $23 billion worth of shares on its first day, and averaged $11 billion worth of shares over the first three sessions.
Released beyond Amazon
SpaceX’s stock price skyrocketed, and the company soon became one of the most valuable companies on the planet.
The company’s market capitalization surpassed Amazon’s on Tuesday, closing the day at $2.66 trillion. SpaceX briefly surpassed Microsoft, but fell back below the software giant.
The fundamentals tell a completely different story.
Amazon was 38 times more profitable than SpaceX last year, generating about the same amount of revenue each week as Musk’s company did for the entire year.
Amazon’s online advertising business alone generated nearly as much revenue in the fourth quarter as SpaceX did all of last year. Even Amazon’s subscription services business is more than twice the size of SpaceX in terms of revenue.
In terms of actually making money, Amazon’s annual net income was nearly $78 billion, more than four times the revenue of SpaceX. SpaceX loses billions of dollars a year.
M&A
Within days of its IPO, SpaceX entered into a definitive agreement to acquire AI coding startup Cursor for $60 billion in stock. The deal was first announced in April, but there was a chance it might not happen yet.
The deal is expected to close in the third quarter and will be one of the largest technology acquisitions in history.
SpaceX previously merged with Musk’s AI company xAI, valuing the combined company at $1.25 trillion.
Aside from the SpaceX and xAI deals, only three acquisitions worth more than $60 billion have involved U.S. tech companies as buyers, according to FactSet.
The biggest one was Broadcom’s It acquired VMware for $69 billion in 2023, followed by Microsoft’s acquisition of Activision Blizzard in the same year for a similar amount. The third largest was Dell’s Acquired EMC in 2016 for approximately $67 billion.
Among other tech giants, the biggest deals include Google’s acquisition of Wiz for $32 billion in 2025, Facebook’s acquisition of WhatsApp for $19 billion in 2014, and Amazon’s acquisition of Whole Foods for $13.7 billion in 2017. During the decline of 2025, Nvidia purchased assets from chip startup Groq for $20 billion.
As for Tesla, Musk’s other publicly traded company, its biggest acquisition came in 2016. The electric car maker invested $2.6 billion in SolarCity, a solar installation company founded and run by Musk’s cousins Peter and Lyndon Rib. Musk served as chairman and was the company’s largest investor.
—CNBC’s Robert Hamm contributed to this report.
WATCH: SpaceX investor says ‘it’s been an amazing, wild journey’
