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# How Wall Street banks sold SpaceX's record $75bn IPO to investors
- URL: https://www.theglobalbanker.com/us-wall-street-banks-orchestrated-largest-ever-spacex-ipo-sources-reported/
- Published: 2026-06-14T01:08:18.000Z
- Updated: 2026-10-02T10:07:02.000Z
- Description: SpaceX priced the largest IPO in history at $135 a share, raising $75bn despite steep losses and a structure that leaves Elon Musk with about 85% of shareholder voting power.
- Author: TGB Editorial Team
- Tags: Banking News, Americas

Wall Street bankers successfully persuaded investors to back a record $75bn public offering for SpaceX, priced at $135 a share on 11 June, convincing the market to look past persistent losses and to accept a structure that left effective control with **Elon Musk**.

#### BANKS SOLD THE STORY

SpaceX set the $135 price ahead of the offering, a move Reuters described as upending Wall Street convention, and Goldman Sachs led the underwriting. SpaceX reported a net loss of $4.94bn for 2025 and $4.28bn in its latest quarter, and Musk holds about 85% of shareholder voting power, according to a letter from Senator Elizabeth Warren to the SEC.

#### TRADING DEBUT

The shares began trading on Nasdaq under the ticker SPCX on 12 June and opened at $150, about 11% above the offer price. 

**Sources: Reuters; Forbes; MarketWatch**[](https://www.ft.com/content/a7f4246d-9ae2-4f7b-90af-e5a53c52203b)