SpaceX begins trading on Nasdaq, marking the largest initial public offering ever recorded. The float targets roughly $75 billion in proceeds and values the launch‑craft maker at about $1.8 trillion, dwarfing Facebook’s 2012 deal. Elon Musk’s firm, which has amassed nearly $12 billion in private capital since 2002, now tops the venture‑backed startup chart. Analysts expect the listing to boost aerospace sector indices and draw unprecedented institutional demand.

Despite posting a Q1 2026 net loss of $4.28 billion and revenue of $4.69 billion, SpaceX trades at a 94‑times revenue premium, reflecting investor appetite for its satellite and launch portfolio. Early backers such as Google, Andreessen Horowitz and Sequoia Capital cash out, while Valor Equity’s Antonio Gracias stands to own a stake worth $68 billion, reinforcing its push for Starship and global broadband.

Musk’s liquidity event propels him toward the world’s first trillion‑dollar net worth, reshaping wealth rankings and signaling confidence in capital‑intensive industries. SpaceX’s debut joins at least two other megadeals slated for 2026, including AI firms Anthropic and OpenAI, together shifting roughly $3 trillion from private to public markets. Investors will watch how the capital fuels R&D and constellation growth.