SpaceX shares surged 20% in its Nasdaq debut on July 22, opening at $150 and rising to $162 under the ticker SPCX. The blockbuster first day marks one of the most anticipated stock listings in recent years.
Record-Breaking $75 Billion IPO
The aerospace and satellite internet company priced its initial public offering at $135 per share on Thursday, selling 555.6 million shares to raise a staggering $75 billion, the largest IPO in history. The offering valued SpaceX at roughly $1.8 trillion.
Bitcoin traded nearly flat at around $63,400 during the session, while AI-linked crypto tokens posted modest gains. The broader crypto market showed little reaction to the SpaceX listing.
Revenue Driven by Starlink and Launch Services
SpaceX has reshaped the commercial space industry through reusable rocket technology and built one of the world's largest satellite networks via Starlink, which serves remote areas lacking traditional broadband access. The company generated approximately $19 billion in revenue last year, coming from launch services, government contracts, and Starlink operations.
The IPO gives public investors their first direct exposure to a company that is simultaneously pushing the frontiers of space exploration and satellite internet.
Bitcoin Holdings Revealed: 18,712 BTC
One of the biggest surprises in the prospectus was the disclosure of SpaceX's cryptocurrency stash. As of March 31, 2026, the company held 18,712 bitcoins, worth nearly $1.2 billion at current prices (~$63,500 per BTC). This makes SpaceX one of the largest corporate holders of bitcoin, alongside MicroStrategy and Tesla.
The holdings were previously speculated about but never confirmed until the IPO filing. Investors now gain exposure not only to aerospace and satellite internet but also to a sizable bitcoin position that could introduce volatility to SpaceX's balance sheet.