Space Exploration Technologies Corp. completed its initial public offering on June 15, 2026, selling 638,888,888 shares of Class A Common Stock at $135.00 per share. The offering included the conversion of 103 million shares of Series Preferred Stock into Class A and Class B common stock. The company intends to use the net proceeds to expand AI compute infrastructure, launch infrastructure, and satellite constellations. Space Exploration Technologies Corp. is an aerospace and space exploration company that develops launch vehicles and satellite technology.
