SpaceX IPO Raises $75B, Values Company at $1.77T with 20% Surge
SpaceX’s $75 billion initial public offering valued the company at about $1.77 trillion and saw shares open at $150, a 20% jump on debut. The listing propelled Elon Musk’s paper net worth to roughly $1.1 trillion, making him the world’s first trillionaire.
1. Record-Breaking IPO
SpaceX raised $75 billion through its initial public offering, marking the largest IPO ever and assigning the company a market capitalization of approximately $1.77 trillion.
2. Strong Opening-Day Performance
Shares began trading at $150, representing a 20% increase over the IPO price in the first minutes of trading and highlighting strong investor demand.
3. Musk’s Trillionaire Status
The surge in share price and the $1.77 trillion valuation boosted Elon Musk’s paper net worth to about $1.1 trillion, making him the first individual to reach that milestone.
4. Valuation Multiples and Growth Drivers
The IPO reflects a valuation of roughly 25 times projected 2027 sales, underpinned by SpaceX’s 90% share of global payload mass and expected $29–31 billion in AI-related revenue by 2027.
