IPOs

SpaceX IPO Breaks Record: Here Are 10 Public Offerings It Dwarfed

Web Desk June 13, 2026

0 1 1 minute read

SpaceX IPO Breaks Record: Here Are 10 Public Offerings It Dwarfed

SpaceX soared in its first day of trading.

The rocket company began trading on the Nasdaq under the ticker SPCX on Friday, opening at $150 per share before jumping as much as 30% to $176.52. Shares later pared gains and closed at $160.95, up 19%.

SpaceX’s record-breaking market debut raised $75 billion, making it the largest initial public offering ever. The IPO valued CEO Elon Musk’s rocket company at roughly $1.77 trillion.

After Friday’s jump, SpaceX’s market capitalization vaulted above $2 trillion, making it one of the most valuable publicly traded companies in the world.

The offering also pushed Musk’s net worth past $1 trillion. SpaceX began trading at $150 per share, above the roughly $141-per-share level needed to make Musk the world’s first trillionaire.

The public market may be expecting sizable IPOs in 2026, including those of OpenAI and Anthropic, both of which have confidentially filed to go public.

Here are 10 IPOs that SpaceX’s record-breaking public debut blew out of the water, ranked in increasing order of proceeds.

10. Enel

Thomson Reuters

Industry: Gas and Electric

Date of IPO: November 1999

Amount raised during IPO: $17.4 billion

9. Visa

FILE- In this July 17, 2018, file photo, a customer buys gas with a Visa credit card in Salem, N.H. Visa Inc. reports earnings Tuesday, July 23, 2019. (AP Photo/Elise Amendola, File)

Industry: Payments

Date of IPO: March 2008

Amount raised during IPO: $17.9 billion

8. NTT DOCOMO

People attend a product unveiling event of the Japanese mobile communications company NTT Docomo in Tokyo, Japan, May 11, 2016. REUTERS/Thomas Peter

Industry: Telecommunications

Date of IPO: October 1998

Amount raised during IPO: $18.4 billion

7. General Motors

General Motors GM SUV

Industry: Automotive

Date of IPO: November 2010

Amount raised during IPO: $20.1 billion

6. AIA Group

FILE PHOTO - A ferry sails at Victoria Harbour in front of the financial Central district, featuring AIA Central (C) and Cheung Kong Center behind it, in Hong Kong, China February 17, 2016. REUTERS/Bobby Yip/File Photo

Industry: Insurance

Date of IPO: October 2010

Amount raised during IPO: $20.5 billion

5. SoftBank

Signage for SoftBank Corp. displayed at a store in Tokyo, Japan, on Monday, May 11, 2026. SoftBank Group Corp. is scheduled to release earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty Images

Industry: Finance and telecommunications

Date of IPO: December 2018

Amount raised during IPO: $21.3 billion

4. Industrial and Commercial Bank of China

ICBC

Industry: Banking

Date of IPO: October 2006

Amount raised during IPO: $21.9 billion

3. Agricultural Bank of China

Agricultural Bank Of China

Industry: Banking

Date of IPO: July 2010

Amount raised during IPO: $22.1 billion

2. Alibaba

Industry: E-commerce

Date of IPO: September 2014

Amount raised during IPO: $25 billion

1. Saudi Aramco

Saudi Aramco

Industry: Energy

Date of IPO: December 2019

Amount raised during IPO: $25.6 billion

Web Desk June 13, 2026

0 1 1 minute read

Leave a Reply Cancel reply