Nasdaq begins order-taking for SpaceX’s $75 billion historic debut
The New York-based exchange has commenced accepting orders for the offering, which is reported to have raised $75 billion, marking a significant milestone in capital markets.
The Nasdaq stock exchange has officially begun accepting orders for the initial public offering of SpaceX, the aerospace and artificial intelligence company founded by Elon Musk. This development marks the commencement of the order-taking phase for what is being described as a historic Wall Street debut for the private firm.
According to reports, the offering is reported to have raised $75 billion. If confirmed, this figure would establish the transaction as the largest initial public offering in history, surpassing previous records and drawing significant attention from global investors and financial institutions.
SpaceX is characterised in market reporting as an AI-to-rockets group, reflecting its dual focus on artificial intelligence and aerospace engineering. The company’s entry into the public markets represents a major shift for the organisation, which has operated primarily as a private entity until this point.
The IPO announcement coincides with broader movements in US equity markets. On Thursday, major indices posted gains as the summit between US President Donald Trump and Chinese President Xi Jinping began in Beijing. The Dow Jones Industrial Average rose 0.8 per cent, the S&P 500 increased by 0.3 per cent, and the Nasdaq Composite climbed 0.2 per cent.
Separately, Nvidia shares surged more than 2 per cent following US approval of a related development, contributing to the positive sentiment in the technology sector. These market movements occur alongside geopolitical tensions involving US-China relations and Middle East oil prices, which have influenced broader investor behaviour.
While the $75 billion raise is reported, the exact final amount may vary as the offering process continues. Nasdaq’s acceptance of orders indicates the IPO is in its preliminary stages, with trading commencement and final closure yet to be confirmed.
The event takes place against a backdrop of rising oil prices and a rally in exploration and production firms, such as Antero Resources, which reported record production in the first quarter of 2026. However, these sector-specific trends are distinct from the corporate actions surrounding SpaceX’s debut.
