SpaceX went public on June 12, 2026, raising $85.7 billion in its initial public offering. The IPO gave the company a market capitalization exceeding $2 trillion. [1, 2] As of June 30, 2026, Elon Musk held a 48.4% stake, owning 6.42 billion shares with exclusive voting and dispositive power. [1, 2] Musk also controlled more than 82% of the voting power in SpaceX since the IPO. [1, 2]
Shares of SpaceX dropped nearly 33% from their IPO highs by July 31, 2026, but bounced back about 30% in early August. This recovery followed the company's strong quarterly earnings report and the expiration of the lockup period on approximately 910 million shares on August 6, which saw less selling pressure than expected. [1, 2, 3]
Nvidia disclosed owning about 122.8 million SpaceX shares as of June 30, valued near $21 billion. The holdings stemmed from Nvidia’s $2 billion investment in Musk’s xAI startup in 2025 before it merged with SpaceX. Some reports suggested Nvidia’s stake was once valued near $210 billion at the IPO peak but declined with SpaceX’s share price drop. [4, 5]
On August 14, 2026, SpaceX completed its $60 billion acquisition of AI programming startup Cursor, a deal announced approximately two months prior. The acquisition strengthens the company's AI software and enterprise AI applications. Elon Musk stated, "We must succeed on the software layer," underscoring the strategic focus behind the deal. [5]
SpaceX’s next key update is pending following the post-IPO lockup expirations and the integration of the Cursor acquisition.
