Key Points
Space Exploration Technologies (NASDAQ: SPCX) completed its initial public offering on June 12, 2026, achieving the largest IPO in history, raising over $85 billion. As of now, the stock is trading 23% above its opening price of $150, with a market capitalization of $2.43 trillion. However, it is down 8.3% from its highest closing price.
The company’s rocket business has completed over 660 missions but reported losses of $657 million in 2025 and $662 million in Q1 2026. Conversely, SpaceX’s Connectivity division, which includes its 9,600 Starlink satellites, generated a profit of $4.42 billion in 2025 and $1.18 billion in Q1 2026. The addressable market for Starlink is estimated at $1.61 trillion.
Looking ahead, speculation about a potential merger between SpaceX and Tesla has arisen, with analysts estimating an 80% chance of this happening within a year, which could position the combined valuation at about $3.8 trillion, surpassing Amazon’s market cap.
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