SpaceX IPO Raises $75 Billion Valuing Firm at $1.77 Trillion
TSLA•SpaceX raised $75 billion selling 555.56 million shares at $135, valuing the company at $1.77 trillion. The offering was oversubscribed with retail allocations, and Elon Musk retained all Class B shares, valuing his stake at over $866 billion and making him a paper trillionaire including his Tesla holdings.
1. Record-Breaking IPO Raise
SpaceX raised $75 billion in its initial public offering, marking the largest U.S. IPO to date. By selling 555.56 million shares at $135 apiece, the company achieved a valuation of $1.77 trillion.
2. Oversubscription and Retail Allocation
Demand for SpaceX stock far outstripped supply, resulting in heavy oversubscription and significant allocations to retail investors. This strong reception underscores market confidence in SpaceX’s growth prospects.
3. Musk’s Stake and Voting Control
Elon Musk retained all Class B shares, which carry ten votes each, giving him roughly 82 percent of total voting power. His stake, valued at over $866 billion, makes him the first paper trillionaire when including his Tesla holdings.
4. Trading Debut and Future Outlook
SpaceX shares are set to commence trading under the ticker SPCX, several hours after the Nasdaq opens. The IPO proceeds are expected to fund expansion of Starlink, AI data centers, and Mars exploration initiatives.
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