Making sense of the biggest IPO in history: SpaceX

15 JUNE 2026

Technopreneur Elon Musk, who was already the planet’s richest person, became the world’s first trillionaire with his company SpaceX’s stock market debut on June 12, 2026.
The company saw the biggest-ever initial public offering (IPO) in history.
If one were to place SpaceX’s IPO in Indian terms, the initial offering of all the top 100 IPOs in India would not match the $75 billion raised by the U.S. giant.
However, SpaceX’s entry has also raised concerns over the company’s valuation; the relaxation of rules that enables the company to enter indices like the Nasdaq-100; and the increasing concentration of wealth among a few.
SpaceX’s market capitalisation, now estimated over $2 trillion is less than the Gross Domestic Product of only 11 countries in the world, an indication of the unequal distribution of wealth.
Additionally, Mr. Musk had merged his companies Starlink and xAI (which includes X) with SpaceX before he planned the IPO.
SpaceX was the sixth largest company in terms of market capitalisation. However, it is the only loss-making company in the list.
Among the three companies that are part of SpaceX, Starlink is the only company that has reported profits last year, leading many to express concerns that Mr. Musk has managed to sell the potential of his company, which includes building data centres, instead of its actual track record.