SpaceX Completes Highly Anticipated IPO and Governance Updates

Summary

Space Exploration Technologies Corp. (SpaceX) has successfully completed its initial public offering (IPO) on June 15, 2026, offering 638,888,888 shares of Class A Common Stock at $135.00 per share, raising substantial capital for its growth strategy. The IPO included public offerings in multiple international markets. In conjunction with the IPO, approximately 103 million outstanding shares of Series Preferred Stock converted into Class A and Class B Common Stock. The company also updated its governance documents, including the Amended and Restated 2024 Equity Incentive Plan, the Second Amended and Restated 2017 Employee Stock Purchase Plan, the Certificate of Formation, and the Bylaws.