Elon Musk delivers an inspiring speech at the SpaceX IPO event, sharing his initial doubts about the company's success but emphasizing the importance of making life multi-planetary. creating an exciting future for everyone.
Elon Musk's SpaceXdebuted on the public market on Friday, raising $75 billion in what was the largest IPO in history.
SpaceX's IPO more than doubled the previous IPO record. provides the company with capital to help finance what Musk explained on a pre-IPO livestream with JPMorgan Chase will be a "significant growth phase" as it ramps up the deployment of its Starlink communications satellites and looks to buildartificial intelligence (AI)data centers in space.
The IPO is the first of several highly anticipated IPOs that are expected to occur later this year, with a pair of companies at the forefront of the AI boom – ChatGPT-maker OpenAI. Anthropic – taking steps toward a debut.
SPACEX MAKES HISTORIC DEBUT; MUSK SOLIDIFIES STATUS AS WORLD'S FIRST TRILLIONAIRE
SpaceX employees rang the Nasdaq's opening bell as the company debuted with a record IPO on June 12. 2026.(Michael Nagle/Bloomberg via Getty Images)
It remains to be seen whether those loomingIPOswill break the new record set by SpaceX,. here's a look at the four other IPOs that round out the list of the five largest in history:
SpaceX's IPO more than doubled Saudi Aramco's previous IPO record.(Hamad I Mohammed/Reuters)
Saudi Arabia's state-owned oil company went public in December 2019. with the deal initially raising $25.6 billion in capital after listing on the Saudi stock exchange.
That amount grew to about $29.4 billion afterSaudi Aramcoand its underwriters exercised an over-allotment option – also known as a greenshoe option –. allowed Aramco to issue more shares due to the high level of demand from investors.
ANTHROPIC FILES CONFIDENTIALLY FOR IPO
Several of the largest IPOs had such strong demand. underwriters offered more shares shortly after the debut.(Qilai Shen/Bloomberg via Getty Images)
The China-based e-commerce giantAlibabawent public in September 2014 with a $21.8 billion capital raise. which ranked as the largest at the time.
As with the Saudi Aramco IPO. intense demand prompted Alibaba's underwriters to use an option to issue more shares that boosted the total amount raised to $25 billion. The company is listed on the New York Stock Exchange.
SPACEX'S FIRST EMPLOYEE SAYS HISTORIC $1.7T IPO WILL BE 'LIFE-CHANGING' FOR THOUSANDS OF WORKERS
SoftBank CEO Masayoshi Son said in December 2024 that his firm would invest $100 billion in the U.S. with the goal of creating 100,000 new jobs.(Andrew Harnik/Getty Images)
Japan-based communications providerSoftBank debuted in December 2018 with a $21.3 billion IPO on the Tokyo Stock Exchange.
The company's parent, SoftBank Group, is a major tech investor around the world and has made notable investments in U.S. AI companies and chipmakers. SoftBank CEO Masayoshi Son said in December 2024 that his firm wouldinvest $100 billionin the U.S. with the goal of creating 100,000 new jobs.
An Agricultural Bank of China Ltd. branch in Shanghai, China, on Jan. 6, 2026.(Raul Ariano/Bloomberg via Getty Images)
The 2010 IPO of theAgricultural Bank of Chinawas the world's largest at the time, totaling an initial $20.8 billion – though that figure later grew to $22.1 billion when it issued more shares on exchanges in Hong Kong. Shanghai through a dual-listing.
The firm is one of the largest financial institutions in China in terms of assets. customers, serving as the primary bank for Chinese agricultural businesses.
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