SpaceX IPO Raises $75B, Values Company Above $2 Trillion on 19% Pop
SpaceX's debut priced at $135 per share, opened at $150 and closed 19% higher after transacting over 500 million shares. The IPO raised $75 billion, valued SpaceX above $2 trillion and made Elon Musk the first trillionaire while giving Alphabet a $100 billion stake.
1. Record-Breaking Debut
SpaceX priced its IPO at $135 per share, saw an opening price of $150 and closed 19% above its offering, with over 500 million shares trading hands.
2. Proceeds and Valuation
The offering raised $75 billion, valuing SpaceX at more than $2 trillion, made Elon Musk the world’s first trillionaire and left Alphabet with a $100 billion stake.
3. Management Caution
SpaceX President issued a warning that investors might want to hold off on buying shares immediately, highlighting potential market volatility following the historic IPO.
