Elon Musk’s SpaceX Records Historic IPO
On June 12, 2026, SpaceX raised $75 billion in its initial public offering (IPO), setting a new record as the largest IPO capital raise in history. The company’s market capitalization soared to approximately $2.1 trillion, making it the seventh-largest publicly traded company and surpassing oil giant Saudi Aramco.
Shortly after its debut on the Nasdaq, SpaceX received a sell rating from CFRA analyst Keith Snyder, who set a price target of $115, indicating a potential decline of 29% from its opening day’s close of $160.95. Snyder cited execution risks with SpaceX’s Starship project and uncertainties around the growth trajectory of Musk’s AI startup, xAI.
Historically, large-scale tech IPOs have faced significant early-stage downturns, with average draws of approximately 55% within the first year, suggesting further volatility for SpaceX’s stock ahead.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
