SpaceX, Musk’s company lands on the Nasdaq on Wall Street

The countdown is about to end. SpaceX, a company Elon Muskenters the Wall Street market. The IPO is already consigned to the history books as it is the largest ever.

SpaceX, the IPO numbers

The company will raise $75 billion, three times the record of Saudi Aramco’s 2019 IPO, directly pricing at $135 per share for 555.6 million shares on offer. The operation SpaceX values ​​1.765 billion dollars, more than double the 800 billion estimated just six months ago. In 2025 the group generated revenues of 18.6 billion dollars, driven mainly by Starlinkwhich today has 12 million subscribers in over 160 countries.

However, growth has a cost: in 2025 the company recorded a net loss of 4.9 billion dollars, mainly linked to investments in artificial intelligence. Despite this, Elon Musk would retain 82% of the voting rights after the listing and, with a wealth estimated by Forbes at 793 billion dollars, he could become the first individual to exceed one trillion. On the operational front, SpaceX has completed 165 orbital missions in 2025 and estimates it operates in markets with a potential value of $28.5 trillion.

The live broadcast of SpaceX’s listing

The salient facts of the space company’s landing on Wall Street

SpaceX: Alphabet wins 900 million bet with the IPO

Ore 15.25. Alphabet invested $900 million in SpaceX more than a decade ago, increased its stake over time and now holds about 4.9% of the company. This would make SpaceX Alphabet’s most profitable bet in private markets. Google’s parent company also has exposure to Cursor, the code-writing AI startup that SpaceX is set to acquire. If that deal closes, Alphabet’s stake in Cursor could potentially convert into additional upside tied to SpaceX.

Musk biographer: “The only one who can make these things work”

Ore 15.15. Walter Isaacson, author of the biography of Elon Musk, warns about the concentration of power of the entrepreneur. Speaking on CNBC, the biographer acknowledged that Musk is currently the only one capable of making projects of this scale work in the space and electric vehicle sectors, but added that it is not a good thing to have a single dominant operator. “You would hope there were dozens” of people capable of leading the world into this new era, Isaacson said, “but he is the only one capable of making these things work.”

Maye Musk arrives at Nasdaq

Ore 15.08. Elon’s mother, in a red jacket, is the first family member to arrive on the Nasdaq for SpaceX’s stock market debut. Many family members maintain close ties to Elon Musk’s companies. His brother Kimbal, for example, sits on Tesla’s board of directors.