IPOs

SpaceX Goes Public: From the $350 Billion Tender Offer to the Largest IPO Ever and the Lockups

SpaceX’s private-market price moved from about $350 billion in a December 2024 tender-offer discussion to an $800 billion insider-sale valuation in December 2025, before the company combined with xAI, Grok and X ahead of its IPO. It raised about $86 billion in its June 2026 offering, the largest IPO recorded in the timeline, and began trading on Nasdaq as SPCX on June 12.