24 June 2026 1 minute read
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The size of the SpaceX IPO is taking equity issuance to a whole new level.

Figure 1: World's biggest IPOs

Horizontal bar chart titled “World’s biggest IPOs” with columns for company, offer date, sector, and deal size in billions of dollars. SpaceX is shown as the largest IPO at $75 billion, far exceeding all others. The remaining deals are much smaller, ranging from roughly $25.6 billion down to about $13.96 billion, illustrated with shorter orange bars for each company. The visual emphasises the significant gap between SpaceX and the rest of the top IPOs.

Source: Aviva Investors, Reuters, Renaissance Capital. Data as of 12 June 2026.

 

On 12 June 2026, SpaceX delivered the largest IPO on record. At an offering price of $135 per share, the IPO implies proceeds of around $75 billion and a company valuation of about $1.75 trillion.1

This marks a step-change in the scale of equity issuance, dwarfing the previous record set by Saudi Aramco’s $25.6 billion listing in 2019.

Typically, in large IPOs, only around five to ten per cent of shares are set aside for retail investors, but CEO Elon Musk has suggested that could go up to 25 per cent of this $75 billion offering. That would give individual investors more scope to participate.

So far this year, revenue momentum has been supportive and investor risk appetite high. But an IPO of this magnitude will be a significant test of sentiment. 

The company mentioned is for illustrative purposes only and does not constitute an investment recommendation.

Reference

  1. Source: Bloomberg. Data as of 12 June 2026.

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