SpaceX Goes Public in the Largest IPO Ever
SpaceX priced its shares at 135 dollars and raised about 75 billion dollars, the biggest initial public offering in history. Trading on the Nasdaq under the ticker SPCX begins today.
- On June 11, SpaceX priced its shares at 135 dollars each and raised about 75 billion dollars.
- It is the largest initial public offering in history, more than three times bigger than the previous record set by Saudi Aramco in 2019.
- At that price the company is worth roughly 1.77 trillion dollars, more than Tesla.
- Trading on the Nasdaq under the ticker SPCX starts today, Friday, June 12.
How much is a company worth when it builds reusable rockets and beams the internet down from space? As of today, we have a number from the stock market, and it is the biggest one ever attached to an initial public offering.
On Wednesday, June 11, SpaceX officially priced its shares. It sold about 555.6 million shares at 135 dollars each, raising close to 75 billion dollars. That is not just a big number for one company. It is the largest IPO in history, the kind that breaks the old record outright.
To put the scale in perspective, the previous record holder was the Saudi oil giant Saudi Aramco, which raised about 25 billion dollars when it went public in 2019. SpaceX cleared that figure more than three times over. At 135 dollars per share, the whole company is valued at roughly 1.77 trillion dollars, which is more than the market value of Tesla, Elon Musk’s other major firm.
What exactly are investors buying?
The shares start trading on the Nasdaq under the ticker SPCX, with the first session on Friday, June 12. Goldman Sachs led the deal as lead underwriter, alongside Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase. By all accounts on Wall Street, the offering was several times oversubscribed, meaning demand was far larger than the number of shares on offer.
Investors are really buying a stake in two businesses under one roof. The first is launch, the Falcon rockets and the Starship system that carry satellites and cargo into orbit. The second is Starlink, the satellite internet service that now covers a growing number of users around the world and already brings in steady revenue. That second business is what many people point to as the reason the valuation is so high, because the market loves income that repeats every month.
The opening price is not known yet. The 135 dollar figure is what early buyers paid to get into the offering before trading began. Where the stock settles by the end of the first day is something only Friday will reveal.
Why does this matter for Musk himself?
Elon Musk still holds the largest share of SpaceX. When his stake here is added to what he already owns in Tesla and his other companies, this listing pushes him closer to becoming the world’s first trillionaire, a person whose personal wealth crosses one thousand billion dollars.
For an ordinary reader, this is not only a finance story. Until now SpaceX was a private company, which means the numbers behind its business were mostly kept closed. Going public turns part of that data into public information, so for the first time we will see how much Starlink actually earns and how much each launch costs. For anyone who follows spaceflight, that is a more valuable detail than the share price itself.
Would you put money into a company that builds rockets and sells internet from the sky at the same time, or would you wait for the first trading day to settle?
