SpaceX officially prices shares at $135 in the largest IPO ever
The offering raised $75 billion and drew more than $250 billion in demand, underscoring strong appetite for the largest IPO ever.
- On Thursday, Space Exploration Technologies Corp. set its final IPO price at $135, with trading beginning Friday at a valuation of $1.77 trillion, making it history's largest IPO.
- Renaissance Capital strategist Matt Kennedy estimates SpaceX alone may raise more money than all U.S. IPOs in 2024 and 2025 combined, anchoring what he calls a "top-heavy" IPO boom.
- The U.S. venture secondaries market, estimated between $62.5 billion and $120.9 billion in 2025, harbors fraud risks as Anduril cofounder Matt Grimm warned of "wildcat" sellers preying on retail investors.
- Many secondary sales use "special purpose vehicles," or SPVs, which Rainmaker Securities CEO Glen Anderson said trade units rather than shares without requiring company approval, obscuring investor economics.
- The upcoming IPO will unearth how many synthetic shareholders exist in SpaceX, potentially exposing the secondary market's true scale, after Morningstar analysts wrote last week the company is "overvalued.
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SpaceX, Elon Musk's company, debuted on Friday, June 12 in the Nasdaq stock exchange; set a record for the largest Initial Public Offering (OPI).The record was set as the largest of the Nasdaq stock exchange in New York, as well as one of the largest in the United States, with an opening of $135 per share.Elon Musk along with SpaceX's operations manager, Gwynne Shotwell held a ceremony to celebrate the opening in Nasdaq, from the headquarters of…
SpaceX Goes Public at $1.77 Trillion
SpaceX began trading Friday on the Nasdaq stock exchange under the ticker symbol SPCX, completing the largest initial public offering in stock market history. The company priced its shares at $135 and raised $75 billion, giving it an immediate market valuation of approximately $1.77 trillion. The figure more than doubles the previous record. Saudi Aramco raised $35.4 billion when it went public in 2019, a number that stood unchallenged for seven…
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