SpaceX became a publicly traded company on June 12, 2026, in what was estimated to be the largest IPO in history, raising $75 billion and valuing the company at $1.75 trillion. The event made Elon Musk the world's first trillionaire and turned many SpaceX employees into millionaires. The company's presence in Florida has grown significantly since its first Falcon 9 launch from Cape Canaveral in 2010. SpaceX now employs hundreds of workers on the Space Coast, supporting engineering and launch operations at the Cape Canaveral Space Force Station. Construction is underway at Kennedy Space Center for facilities to support the Starship system, which will be launched from Florida in the coming years. SpaceX's Falcon 9 rocket remains a staple of the region, frequently launching satellites, national security missions, and NASA astronauts from Launch Complex 40. The rocket's regular flights have become a familiar sound to residents along the Space Coast. While SpaceX has expanded operations to Texas and California, its Florida-based workforce continues to play a critical role in the company's missions. The IPO valuation has since increased, reaching $1.25 trillion in February 2026 after SpaceX merged with xAI, Musk's AI company. The merger included ownership of social media platform X and its Grok chatbot. SpaceX's Florida operations are expected to expand further as the Starship system nears completion, with the first test launches planned for late 2026. The company's public debut has drawn attention from investors and industry observers, but its focus on launch operations and space exploration remains unchanged.