Elon Musk’s SpaceX officially begins trading on the Nasdaq under the ticker SPCX on June 12, 2026, after pricing its initial public offering at $135 per share. The deal raises $75 billion and values the aerospace and AI company at approximately $1.77 trillion, shattering every previous IPO record by a wide margin.

The listing has generated extraordinary demand. Investor orders have exceeded $250 billion, roughly four times the amount SpaceX is seeking to raise, according to Reuters. That oversubscription has triggered a debate about where all that capital is coming from, and whether Bitcoin and crypto are paying the price.

The Biggest IPO Wall Street Has Ever Seen

SpaceX is selling 555.6 million shares in an all-primary offering, meaning…