SpaceX Just Did the Biggest IPO in History — And the Crowd Went Absolutely Feral

While the world was busy watching the US and Iran trade threats over energy facilities and water supplies, SpaceX quietly pulled off a $75 billion IPO — the largest in market history — pricing at $135 per share on the Nasdaq. Gwynne Shotwell and Elon Musk rang the opening bell in both NYC and Starbase, Texas simultaneously, because apparently one opening bell wasn't dramatic enough for a company planning to colonize Mars by 2040.

Prediction markets are pricing a 35%+ first-day pop with 70% odds SpaceX closes above a $2 trillion market cap. Venture capital voices on CNBC are already calling this the Facebook IPO moment — which, to be fair, Facebook's IPO initially faceplanted before ripping higher. Shadow trading markets disagree with the pessimism though, and so does the crowd physically cheering outside the Nasdaq in Times Square.

Meanwhile, a tentative US-Iran peace deal is cooling oil prices and sending equities on a risk-on tear — meaning SpaceX didn't just launch rockets, it launched into the single most adrenaline-soaked market session in recent memory. As one CNBC guest put it: a weak debut here could chill the entire IPO pipeline for Anthropic and OpenAI. No pressure, Elon.