SpaceX Prices Record $75 Billion Stock Sale

SpaceX builds rockets and runs Starlink, a network of satellites that gives internet from space. Even though people can now buy its shares, Musk will keep most of the control. He holds more than 84% of the voting power. Some experts think the price is too high. The research group Morningstar says each share is worth only $63. A US senator, Elizabeth Warren, asked the government to delay the sale.

Many people still wanted to buy. Investors asked for three to four times more shares than were available. But only about 20% of shares were kept for ordinary people, so most will not get any. SpaceX lost $4.9 billion in 2025, but people are still excited. Experts say other technology companies may sell their shares later this year too.