SpaceX Debuts on Nasdaq with $1.75T Valuation, Raises $75B in Record IPO

According to China Securities Investment Consultants (CITIC), SpaceX made its market debut on Nasdaq with a $1.75 trillion valuation and raised $75 billion, marking the largest IPO in history. Its stock surged above $2 trillion in market cap on the first day, making the company the world's seventh-largest tech company. The company's three core businesses—Starlink, reusable rockets, and space AI—have validated a commercial ecosystem, accelerating commercialization of the space economy.

China's commercial space sector is positioned for growth, with multiple liquid-fueled rockets expected to conduct maiden flights and recovery tests in 2026, potentially reducing launch costs significantly and expediting satellite constellation development.