SpaceX launched 29 Starlink satellites from Cape Canaveral’s Space Launch Complex 40 on June 12, 2026, at 8:37 a.m. ET. The Falcon 9 rocket lifted off minutes after the launch window opened at 8:27 a.m., according to SpaceX’s mission page and Florida Today. The mission occurred as the company’s stock began trading on Nasdaq under the ticker SPCX, marking the largest initial public offering in history. SpaceX priced its IPO at $135 per share, raising $75 billion by selling 555.56 million shares. The offering valued the company at approximately $1.77 trillion, making it the sixth-largest U.S. company by market capitalization on its first day of trading. Goldman Sachs led the underwriting syndicate for the deal.
The IPO surpassed the previous record set by Saudi Aramco in 2019, which raised $29.4 billion. SpaceX’s offering is more than 2.5 times larger than Aramco’s, according to Reuters and the Wall Street Journal. The timing of the Starlink launch and IPO highlighted SpaceX’s rapid growth. The company now operates over 10,000 satellites in its Starlink constellation, according to recent reports. The mission marked the 27th flight of the Falcon 9’s first-stage booster, showcasing the rocket’s reusability, a key factor in SpaceX’s cost efficiency.
Elon Musk’s company has continued expanding its satellite network while advancing its commercial launch services. The Starlink 10-54 mission followed a series of launches from Cape Canaveral this year, including a May 2026 mission that deployed 52 satellites. SpaceX’s dual focus on space exploration and global broadband has positioned it as a dominant player in both sectors. The IPO proceeds will fund ongoing operations, including Starlink’s expansion into new markets and the development of next-generation rockets.