SpaceX completes the largest IPO in history

SpaceX debuted on the Nasdaq under the ticker SPCX, pricing at $135 a share to raise roughly $75 billion at a valuation near $1.77 trillion — the biggest public offering ever, with the stock closing up about 25% in early trading. The S-1 revealed how deep the company has gone into AI: a February all-stock acquisition of Elon Musk’s xAI, $18.67 billion in 2025 revenue, and roughly $30 billion in GPU-compute deals with Google and Anthropic via its Colossus data centers.