SpaceX completed the largest IPO in history, with shares trading to a $2 trillion market cap on the first day and closing up 19%. The offering raised $50B, setting a new record for public-market entry and underscoring demand for space-infrastructure and launch-service companies.
The IPO unlocks liquidity for long-standing SpaceX shareholders including Fidelity, Google Ventures, and early founders, and signals renewed appetite for capital-intensive industrial tech. Analysts attribute momentum to recent Starshield defense contracts and Starlink's path to profitability.