--- title: "Space IPOs: Every Listing Since 2025 and How It Has Traded | Orbit Alpha" description: "Every space company that has listed in the US since 2025, from SpaceX to HawkEye 360: IPO price, money raised, price now and return since IPO, plus who could list next." url: https://www.orbitalpha.cloud/space-stocks/ipos updated: 2026-11-05 --- # Space IPOs: every listing since 2025 and how each has traded Updated 5 Nov 2026 from live prices and SEC filings 6 space companies have listed on US exchanges since February 2025, led by SpaceX, which raised $75 billion in June 2026, the largest IPO ever. As of 5 Nov 2026, 1 of 6 trade above their IPO price. Every space company that has listed on a US exchange since 2025, its IPO price and how the shares have traded since. Prices update every trading day. ## Which space companies have IPO'd? | Company | First trading day | IPO price | Raised | Price now | Since IPO | |---| | [SpaceX](https://www.orbitalpha.cloud/stocks/spcx) (SPCX) | 12 Jun 2026 | $135 | $75 billion | $123.62 | -8.4% | | [HawkEye 360](https://www.orbitalpha.cloud/stocks/hawk) (HAWK) | 7 May 2026 | $26 | $416 million | $12.76 | -50.9% | | [York Space Systems](https://www.orbitalpha.cloud/stocks/yss) (YSS) | 29 Jan 2026 | $34 | $629 million | $5.51 | -83.8% | | [Firefly Aerospace](https://www.orbitalpha.cloud/stocks/fly) (FLY) | 7 Aug 2025 | $45 | $868 million | $15.18 | -66.3% | | [Voyager Technologies](https://www.orbitalpha.cloud/stocks/voyg) (VOYG) | 11 Jun 2025 | $31 | $383 million | $20.33 | -34.4% | | [Karman Space & Defense](https://www.orbitalpha.cloud/stocks/krmn) (KRMN) | 13 Feb 2025 | $22 | $506 million | $32.09 | +45.9% | "Raised" is the headline gross proceeds in the base offering, before fees and any extra shares sold to underwriters. Karman's total includes shares sold by existing holders. ## Which space IPO has done best? [Karman Space & Defense](https://www.orbitalpha.cloud/stocks/krmn) is the best performer against its IPO price, +45.9% since 13 Feb 2025. [York Space Systems](https://www.orbitalpha.cloud/stocks/yss) has done worst, -83.8% since 29 Jan 2026. ## Which space companies could IPO next? As of 28 Oct 2026, no private space company has publicly filed to list in the US. Companies often mentioned as candidates include Sierra Space, Axiom Space, Relativity Space, Stoke Space, Impulse Space and Vast; none has announced an IPO. Companies can file confidentially first, so a listing can be announced with a few weeks' notice. This page is updated when one files. ## When can insiders sell? Insiders and pre-IPO investors are usually barred from selling for about 180 days after an IPO. Every recent space lock-up, and how the shares moved when it ended, is on the [space stock lock-up expirations](https://www.orbitalpha.cloud/space-stocks/lockup-expirations) page. SpaceX's staged releases have their own [SpaceX lockup calendar](https://www.orbitalpha.cloud/spacex-stock/lockup-calendar). ## Frequently asked questions ### What was the biggest space IPO? SpaceX, which priced at $135 a share on 11 June 2026 and raised $75 billion in the base offering, the largest IPO of any company. Before that, the largest recent space IPO was Firefly Aerospace, which raised $868 million in August 2025. ### Which space IPOs are trading above their IPO price? As of 5 Nov 2026: Karman Space & Defense (+45.9%). The other 5 trade below their IPO price. ### Which space company will IPO next? No private space company had publicly filed to list in the US as of 28 Oct 2026. Names often mentioned include Sierra Space, Axiom Space, Relativity Space, Stoke Space, Impulse Space and Vast, but none has announced an IPO. ### When can insiders sell after a space IPO? Usually 180 days after the IPO, when the lock-up ends, though some agreements allow earlier releases. The dates for each recent space IPO are on the space stock lock-up expirations page. ## Sources - [CNBC: SpaceX raises $75 billion in record-setting IPO](https://www.cnbc.com/2026/06/11/spacex-raises-75-billion-in-record-setting-ipo-ahead-of-nasdaq-debut.html) - [HawkEye 360 announces pricing of initial public offering](https://www.geoconnexion.com/news/hawkeye-360-announces-pricing-of-initial-public-offering) - [York Space Systems announces pricing of upsized IPO](https://www.01net.it/york-space-systems-announces-pricing-of-upsized-initial-public-offering/) - [Firefly Aerospace announces pricing of upsized IPO](https://www.globenewswire.com/news-release/2025/08/06/3128792/0/en/firefly-aerospace-announces-pricing-of-upsized-initial-public-offering.html) - [Voyager announces pricing of initial public offering](https://voyagertechnologies.com/press-releases/voyager-announces-pricing-of-initial-public-offering/) - [Karman announces pricing of its initial public offering (SEC 8-K)](https://www.sec.gov/Archives/edgar/data/2040127/000119312525029677/d932505dex991.htm) - [New Space Tracker: upcoming space IPOs (updated 21 Sep 2026)](https://newspacetracker.com/ipos/) - [Nasdaq Private Market: pre-IPO space companies after the SpaceX listing (26 Jun 2026)](https://www.nasdaqprivatemarket.com/insights/weekly-commentary/space-ex-spacex-pre-ipo-space-companies/) IPO terms from each company's pricing release; prices from Yahoo Finance. Figures as of 5 Nov 2026, refreshed whenever the site updates. Orbit Alpha is information, not investment advice.