Space Exploration Technologies Corp. Class A Common StockSpaceX had a record IPO with stock up 19% on first day, raising $75 billion.

Venture capitalist Tim Draper praised SpaceX's record initial public offering as a defining moment for Elon Musk and private innovation, saying the listing showed how founders can force industries to imagine a different future. Draper noted that SpaceX raised $75 billion in the largest IPO in history, with the stock up 19% on its first day of trading. He argued that Tesla challenged the old 'big three' auto model and SpaceX turned space from a government-led field into one full of extraordinary possibilities. Draper added that the biggest returns come from the moment a founder forces the world to see something differently, citing Musk's impact with PayPal, Tesla, and now SpaceX. SpaceX went public on June 12, opening above its $135 IPO price, and later agreed to buy Anysphere, the parent of AI coding startup Cursor, in an all-stock deal valued at about $60 billion, though the stock later pulled back amid a more hawkish Federal Reserve rate outlook.
Space Exploration Technologies Corp. Class A Common StockSpaceX had a record IPO with stock up 19% on first day, raising $75 billion.
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Tesla IncCursor's parent Anysphere was acquired by SpaceX in an all-stock deal valued at $60 billion.