SpaceX Completes IPO; 103M Preferred Shares Converted

Space Exploration Technologies Corp. (SpaceX) announced the completion of its initial public offering (IPO) on June 15, 2026. In connection with the IPO, approximately 103 million outstanding shares of Series Preferred Stock converted into Class A or Class B common stock. The company also adopted an Amended and Restated 2024 Equity Incentive Plan and a Second Amended and Restated 2017 Employee Stock Purchase Plan, making a total of over 324 million Class A shares available for issuance under these plans. Additionally, SpaceX amended and restated its Certificate of Formation and Bylaws, and outlined its new public communication strategy.