SpaceX Announces Historic $75B IPO

Deep Fission Inc., which is developing an underground Gravity Reactor in Parsons, Kansas, plans an IPO of 2.5 million shares to raise more than $40 million, according to an SEC filing. It previously targeted about 6 million shares at $24–$26, but revised the offering to $16–$18. The company seeks Nasdaq listing under FISN and says its reactor is unproven; it drilled its first well and plans NRC licensing in early 2027.

OpenAI confidentially filed IPO registration statements with the SEC on June 8, but said timing is undecided and could be “a while,” according to the company. Microsoft holds a 27% stake after adding $12 billion, and receives 20% of OpenAI revenue through 2030 (up to $38 billion). The article also notes Microsoft’s $250 billion Azure spending commitment through 2032.

Elon Musk became the world’s first trillionaire as SpaceX’s Nasdaq IPO drove a surge in the company’s shares. SpaceX priced at $135, opened at $150, and briefly hit $176.50; it closed around $161. The IPO raised about $75bn and valued SpaceX at $2.2tn, with Musk holding 42%. Bloomberg put Musk’s net worth at $1.11tn.

SpaceX’s IPO on Nasdaq (ticker SPCX) opened at $160.95 after rising 19% from the $135 offer price, closing at a valuation above $2 trillion, according to the report. The company raised about $75 billion by selling 555 million+ shares. Spaceflight Now said SpaceX launched a Falcon 9 before market open. The SEC filing cited plans to expand rockets, satellite communications and AI, while its prospectus showed a $4.3 billion Q1 net loss.

SpaceX’s IPO debuted on Nasdaq after pricing 555 million shares at $135, valuing the company at just under $1.8 trillion, according to a Thursday filing. Shares rose nearly 20% to close at $161.50, after reaching $176. The offering raised over $75 billion, with options for 83 million more shares. The article says the stock move made Elon Musk the world’s first trillionaire and could spur other AI IPOs.

SpaceX priced its IPO at $135 per share, raising about $75 billion, according to the company. It sold 555.56 million shares, implying a valuation of roughly $1.77 trillion. Trading on Nasdaq begins Friday, with the stock expected to rank around the seventh-largest U.S. listed company. Premarket gains lifted peers including EchoStar, Viasat, AST SpaceMobile, and Rocket Lab.