SpaceX priced its initial public offering at $75 billion, instantly becoming one of the world's largest public companies. The rocket and satellite firm will begin trading Friday on Nasdaq under the symbol SPCX, marking a critical test for Elon Musk's vision to dominate artificial intelligence and space exploration.

The offering was more than four times oversubscribed, leaving many would-be investors empty-handed despite over $100 billion in retail demand. Shadow markets expect shares to pop at least 35% on debut, while index-tracking funds could generate up to $6 billion in forced buying. Companies including Goldman Sachs, Morgan Stanley and JPMorgan led the deal.

Musk's fortune stands at approximately $970 billion according to the Bloomberg Billionaires Index, keeping him just shy of trillionaire status. However, SpaceX reported a $4.28 billion net loss in the first quarter of 2026, raising questions about profitability despite its massive valuation.

Only 4.2% of outstanding shares will trade on day one, creating potential volatility as lock-up agreements expire. The IPO's performance will influence prospects for rival AI companies like Anthropic and OpenAI, while speculation continues about a potential Tesla merger that could create a combined entity spanning space, automotive and AI ventures.