SpaceX raises $75 billion in largest IPO on record, triple 2019 Saudi Aramco debut
SpaceX completed a $75 billion initial public offering on June 21, 2026, the largest in history and triple the size of Saudi Aramco's 2019 $25 billion debut, selling less than 10% of shares at a near-$2 trillion valuation.
SpaceX completed a $75 billion initial public offering on June 21, 2026, the largest IPO in history and triple the size of the prior record holder, Saudi Aramco's $25 billion offering in 2019. The company sold less than 10% of its shares, entering public markets at a valuation approaching $2 trillion. Retail investors and institutional holders including venture capitalists gained their first opportunity to trade the aerospace and defense company after years of private ownership.
Alphabet holds approximately $100 billion in SpaceX shares after investing $10 billion over the past decade. Historical precedent from Google Ventures suggests the company will hold the stake rather than liquidate immediately; Alphabet waited years before selling positions in Uber, Lyft, and Robinhood after those IPOs. The SpaceX liquidity event arrives as Alphabet separately raised $80 billion in equity to fund artificial intelligence infrastructure buildout, though the timing does not indicate imminent divestiture plans.
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