SpaceX IPO Raises $85.7B Total, Valuation Soars Past $2T
SPCX•SpaceX priced 555.6 million shares at $135, raising a base $75 billion then $85.7 billion total after greenshoe, valuing the company at $1.78 trillion. The IPO drove initial market cap above $2 trillion, with trading surges totaling over 25% gains in first two days.
1. Record IPO Proceeds and Valuation
SpaceX offered 555.6 million shares at $135 each, raising a base $75 billion and an additional $10.7 billion after underwriters exercised the greenshoe option, for total proceeds of $85.7 billion and an initial valuation of $1.78 trillion.
2. Debut Trading Performance
The stock opened at approximately $150, surged to close at $160.95 on debut for a 19.2% gain, then climbed another 8% the following day, delivering over 25% total gains and lifting the company’s market capitalization above $2.1 trillion.
3. Greenshoe Option Impact
The greenshoe mechanism enabled underwriters to purchase extra shares to support the stock, boosting total IPO proceeds by 14% and helping temper post-listing volatility in the early trading days.
4. Market Implications
This landmark offering, the largest global IPO on record, underscores strong demand for AI-focused space and technology companies and may catalyze further mega-listings, while solidifying SpaceX’s status in the trillion-dollar valuation club.
