AIAC APPLAUDS SPACEX ON ITS HISTORIC INITIAL PUBLIC OFFERING
FOR IMMEDIATE RELEASE
New York, NY — June 12, 2026 — American Industrial Acquisition Corporation (AIAC), a longtime supplier of critical precision components and materials to Space Exploration Technologies Corp. (“SpaceX) and to the broader aviation and space industry, proudly congratulates SpaceX on the successful completion of its initial public offering — the largest public offering in market history.
SpaceX priced its offering of 555,555,555 shares of Class A common stock at $135.00 per share, raising approximately $75 billion and valuing the company at roughly $1.75 trillion. The shares began trading on the Nasdaq Global Select Market and Nasdaq Texas on June 12, 2026, under the ticker symbol “SPCX.” Goldman Sachs & Co. LLC, Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan acted among the book-running managers for the IPO.
The listing surpasses the previous record held by Saudi Aramco's 2019 offering, underscoring SpaceX's growth across its launch, satellite, and technology businesses, including its Falcon rockets, Starship program, and Starlink network, which serves more than ten million customers across some 160 countries and markets.
For AIAC, the milestone carries particular meaning. AIAC companies are long-term manufacturers of citical components, assemblies, materials, and systems for launching and propelling spacecraft and satellites, with customers that also include NASA, the European Space Agency, Blue Origin, and Boeing. AIAC Chairman L. M. Levie serves as a Trustee and Poet Laureate of The Explorers Club, of which SpaceX Founder and Chairman Elon Musk is a Member and recipient of the prestigious Explorers Medal. AIAC and its affiliates are Partners of the Club and Sponsors of its programs throughout the year.
AIAC Chairman L. M. Levie stated:
“SpaceX, AIAC, and The Explorers Club share the conviction that the frontiers of science are made to be discovered. What the world once called impossible, SpaceX has made routine: rockets that return to Earth to fly again, and a constellation of satellites that carries connection to the most remote corners of the globe. Today's initial public offering, the largest in the history of the public markets, is not merely a financial milestone but a vote of confidence in the endeavor of exploration itself.”
“The men and women of AIAC's companies take a particular pride in this moment, for we are honored to number SpaceX among the customers we are privileged to serve. For years our people have manufactured the critical components and materials that help carry aviation and spaceflight alike toward the heavens, and we know that every horizon crossed begins with the courage to attempt it, and the craftsmanship to make it possible.
We at AIAC, and the Explorers Club are proud to serve and to share with SpaceX a single, abiding belief: that innovation, placed in the service of humanity, can lift the whole world higher. To Elon and to the entire SpaceX team, we offer our our congratulations and our confidence in the journeys still to come.”
About SpaceX
Space Exploration Technologies Corp. (“SpaceX”) is an American aerospace, satellite communications, and space-technology company founded in 2002 by Elon Musk with the goal of reducing the cost of space transportation and ultimately enabling human settlement of Mars. Headquartered at Starbase, Texas, with major engineering, manufacturing, and launch operations in Hawthorne, California; Cape Canaveral, Florida; Vandenberg Space Force Base, California; and McGregor, Texas, the company employs more than 22,000 people worldwide. Elon Musk serves as Chief Executive Officer, Chairman, and Chief Technology Officer, and Gwynne Shotwell as President and Chief Operating Officer.
SpaceX designs, manufactures, and operates the Falcon 9 and Falcon Heavy rockets and the Dragon spacecraft, and is developing the fully reusable Super Heavy–Starship system, the most powerful launch vehicle ever built, intended to carry crew and cargo to Earth orbit, the Moon, and Mars. A pioneer of orbital-class rocket reuse, SpaceX was the first private company to launch and return a spacecraft from Earth orbit, the first to send astronauts to the International Space Station, and the first to achieve the vertical landing and reflight of an orbital rocket booster. Its customers include NASA, the European Space Agency, and commercial operators around the world.
Through its Starlink network, SpaceX operates the largest satellite constellation in the world, delivering high-speed broadband internet to more than ten million customers across some 160 countries and markets. On June 12, 2026, SpaceX became a publicly traded company, listing its Class A common stock on the Nasdaq Global Select Market and Nasdaq Texas under the ticker symbol “SPCX” in the largest initial public offering in market history.
For further information, see: www.spacex.com
About American Industrial Acquisition Corporation
American Industrial Acquisition Corporation (AIAC) is a diversified industrial group with manufacturing, distribution, and administrative sites in 24 countries in North America, Europe, Africa, Asia, and Australia-New Zealand. AIAC has acquired and grown non-core subsidiaries and divisions of Boeing, Siemens, Lockheed Martin, Northrop Grumman, Raytheon, Johnson Controls, Merck, Pfizer, Astellas, Visteon, Carlyle, KKR, Ahlstrom, Novellis, Tolko, Groupe Suez, Groupe Rexel, and many other leading multinational corporations.
AIAC companies serve companies and governmental entities worldwide in all major sectors, including aviation, space, defense, automotive, truck, rail, marine, petrochemical, solar, nuclear, civil engineering, logistics, agriculture, infrastructure, commercial construction, mining, dredging, disaster relief, medical devices, and pharmaceuticals. In addition, AIAC companies are exclusive, authorized distributors of leading branded industrial products and serve as critical suppliers for the construction of major airports, schools, hospitals, performing arts and sports centers, offices and hotels throughout Southeast Asia, Australia, and New Zealand. AIAC is a major manufacturer of materials for green houses globally, building, street, and highway signage in Europe, and a distributor of electrical products throughout France.
Of note, AIAC purchased Boeing Canada in 2005 and has produced over 10,000 unique components for every Boeing jet plane ever since, reliably serving Boeing from manufacturing facilities in North America. A leader in ultra-high precision jet engine component manufacturing, AIAC companies produce 2,200 fan blades for each jet engine produced by GE, Pratt & Whitney, Rolls Royce, and Honeywell.
AIAC companies actively support exploration into outer space, manufacturing critical components for launching and propelling spacecraft and satellites. AIAC customers in this sector include NASA, SpaceX, the European Space Agency, Blue Origin, and Boeing. AIAC companies also lead in the design and manufacture of undersea umbilical cables for worldwide oceanographic research.
AIAC companies produce the critical automotive wire and cable for Tesla, GM, Ford, Chrysler-Fiat, Toyota, and Nissan and for the New York and Atlanta Subways. In connection with its kraft paper manufacturing interests in Canada and the US, AIAC sustainably manages 22 million acres of Manitoba, Canada forestland, an area equivalent in size to the nation of Hungary. AIAC affiliate, Metallwarenfabrik Gemmingen GmbH, located in Germany, designs, manufactures and distributes high performance, emergency portable power generators utilized in global conflict zones and during major natural disasters.
For further information, see: www.aiac.com
About AIAC Philanthropies
AIAC and the AIAC Foundation support a wide range of nonprofit, nonsectarian, bipartisan organizations which promote international conflict resolution, disaster relief, economic development, environmental sustainability, exploration, and the performing arts. The exploration-focused nonprofit organizations which they actively support include The Explorers Club, the National Geographic Society, the Royal Geographical Society, the Royal Canadian Geographical Society, Mission Blue, the Jane Goodall Institute, the American Museum of Natural History and the Hayden Planetarium, the Victoria & Albert Museum, the National Air and Space Museum, the National Space Society, and the United States Space Foundation.
AIAC Chairman L. M. Levie is a Member of the Board of Trustees of The Explorers Club, its Poet Laureate, and a Member of its Annual Dinner Committee. AIAC and its affiliates, Bradford Space, Canadian Kraft Paper Industries, SuperAlloy Manufacturing Solutions, and Champlain Cable are Partners of The Explorers Club and Sponsors of Oceans Week.
For further information, see: www.aiac.com | aiac.com/our-values
About The Explorers Club
The Explorers Club is an American-based, international, multidisciplinary professional society with the mission of promoting and supporting scientific exploration and field study on land, sea, and in outer space. The club was founded in New York City in 1904 and has served as a meeting point for explorers and scientists worldwide. Members of the club have been the first to explore the North Pole, South Pole, Mount Everest, the Mariana Trench, and to walk on the Moon. The club's notable current members or honorees include Buzz Aldrin, Jeff Bezos, Elon Musk, Prince Albert II of Monaco, Princess Reema Bandar Al-Saud of Saudi Arabia, Grand Duke Guillaume V of Luxembourg, Sir Richard Branson, Ken Griffin, James Cameron, Ray Dalio, and Wendy Schmidt.
In years past, prominent members have included Sir Ernest Shackleton, President Theodore Roosevelt, Sir Edmund Hillary, Amelia Earhart, Neil Armstrong, John Glenn, Jim Lovell, Thor Heyerdahl, Walter Cronkite, Prince Philip — Duke of Edinburgh, and Jane Goodall. The Explorers Club's historic clubhouse, at 46 East 70th Street in New York City, is a museum and monument to the “Famous Firsts,” the greatest explorers and expeditions of all time.
For further information, see: www.explorers.org
Media Contact
Isabel Carro-Toro, Vice President
American Industrial Acquisition Corporation
+34 689 295 827 (Spain)
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