Space X is public: Everything you need to know post-IPO | Tech Crunch

Overview

Space X has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk.

But in its 24-year history, nothing quite compared to its initial public offering. Everyone seemed interested — perhaps because of the sheer size of the IPO. The company priced its 555.6 million shares at

Details

Tech Crunch has followed Space X’s start, struggles, and successes from the early days. And we’re here for what happens next too. Here is your go-to landing page for all the relevant Space X IPO news, including notable updates now that the company is public.

Space X to acquire Cursor for $60B in stock: The deal was announced just days after the IPO.

Space X passes Amazon as valuation balloons to $2.7T: Space X became the fifth-most valuable company in the world, after its stock price climbed 20% on June 15 and more than 8% in early trading Tuesday.

Space X’s historic IPO just got super-sized: The largest IPO in history grew to $85.7 billion raised.

Space X shares opened June 12 at

There has been heavy trading volume, as expected. Robinhood said it has seen “record-breaking traffic on its trading platform in the hours after Space X’s historic public markets debut.

Space X COO Gwynne Shotwell was interviewed by CNBC on June 12 and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders. At one point in the interview, Shotwell said a “merger between Space X and Tesla might make Elon’s life a little easier.”

Among the winners are the banks, which have brought in about $500 million in total fees. The big winners are Goldman Sachs and Morgan Stanley, per the WSJ.

To get a deeper look into what happened, and all the far-ranging implications of Space X now being a publicly traded company, Senior Reporter Sean O’Kane and AI Editor Russell Brandom sat down for a special episode of our Equity podcast, which you can listen to right here or via your podcast player of choice, or queue it up on You Tube here.

With an offering this large, there is a lot of financial machinery operating behind the scenes — so the first question is just when the stock makes it to the market to start trading. Space X is debuting on Nasdaq and you can see the official Nasdaq listing here, which will have the price of record as soon as there is one. Nasdaq also has video of the Space X crew ringing the bell, if that’s your thing.

But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets like Bloomberg and CNBC, both of which have liveblogs running and will have close coverage of any hiccups that happen in getting the stock to market.

Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company’s S-1 form.

For instance, Space X lost 

Here is another figure that caught our attention… 4,400. That’s the number of Space X employees who could become millionaires, according to the NYT.

Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO.

Space X is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.

Elon Musk becomes the world’s first trillionaire after Space X’s historic IPO: The Space X IPO has boosted Musk’s paper wealth to more than $1,000,000,000,000 at a time when he is more hated — and powerful — than ever.

How Elon Musk will increase his power through the Space X IPO: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly traded version of Space X — control that goes far beyond what other tech founders enjoy.

Who will benefit most from Space X IPO? Mostly Elon — and a few from his inner circle: Elon Musk has the largest stake in Space X by billions of shares, but others also stand to win. Here’s the rundown of who owns what.

Space X SPV investors won’t know their true holdings until post-IPO lock-ups lift: After Space X makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.

The S-1 registration document gave the world an unprecedented look inside Space X, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found.

The Space X IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center: The contents of the Space X IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its x AI division.

Starship’s path to reusability looks murky after Space X’s S-1: Space X’s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics.

Space X warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public.

Leading up to the IPO, Space X locked in a string of deals, mostly selling off compute to improve its balance sheet.

Anthropic will pay x AI $1.25B per month for compute: Initial coverage of the Anthropic deal on May 20.

How long is Anthropic’s lease with Space X? Opinions vary: Elon Musk keeps downplaying the duration of Space X’s contract with Anthropic.

Google will pay Space X $920M per month for compute: A Google representative described the deal as a short-term deal addressing unexpected demand for its recently launched AI products.

This article originally published at 10 a.m. ET, June 12, 2026. It has been updated with new coverage of the Space X IPO, share price moves, Cursor acquisition, and other related events.

Key Takeaways

• Space X has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk
• But in its 24-year history, nothing quite compared to its initial public offering
• Tech Crunch has followed Space X’s start, struggles, and successes from the early days
• Space X to acquire Cursor for $60B in stock: The deal was announced just days after the IPO
• Space X passes Amazon as valuation balloons to $2