SpaceX $1.8 Trillion IPO Surpasses Meta’s Market Valuation
META•SpaceX priced 555 million shares at $135 each, raising over $75 billion and valuing the company at just under $1.8 trillion—surpassing Facebook-owner Meta’s market cap and placing it in Wall Street’s top 10. Options for 83 million additional shares could increase proceeds above $86 billion, intensifying competition for investor capital.
1. SpaceX IPO Details
SpaceX offered 555 million shares at $135 each, raising over $75 billion and valuing the company at just under $1.8 trillion. Options for 83 million shares could boost proceeds above $86 billion, marking the largest IPO in history.
2. Impact on Meta Valuation
With SpaceX’s new valuation overtaking Meta, Facebook-owner Meta drops out of the top 10 by market cap. Meta now trails SpaceX and Tesla, reshaping the competitive landscape among leading tech companies.
3. Investor Allocation Shifts
High retail demand saw 20% of shares reserved for individual investors, and the offering was more than four times oversubscribed. This surge in IPO interest may divert capital from established tech stocks like Meta.
