On the evening of June 12, 2026 (Beijing Time), Musk's SpaceX made its official debut on the Nasdaq stock exchange under the ticker symbol 'SPCX'. With an initial public offering (IPO) price set at $135 per share, the company raised a staggering $75 billion, marking it as the largest IPO in global history. The opening reference price range was set between $170 and $175, indicating an anticipated surge of 26% to 29% on the first day of trading.
SpaceX President Gwynne Shotwell commented that, while employees stand to gain significant wealth due to their low-cost share holdings post-listing, she does not foresee a large-scale exodus of employees cashing out and leaving the company. Shotwell emphasized that individuals lacking the drive to excel are not a good fit for SpaceX's dynamic environment. Known for its demanding corporate culture, SpaceX has seen some employees depart due to the physical and mental toll of its fast-paced work environment. Nevertheless, many former employees have chosen to embark on entrepreneurial ventures or transition into the investment sector, leveraging their experience and insights gained from their time at SpaceX.
