SpaceX IPO Rally Boosts Valuation by $75B, Surpasses Tesla by $700B
TSLA•SpaceX shares jumped 8% in early trade, extending a two-day rally to over 25% since its IPO and raising a record $75 billion from 555.6 million shares. Institutional and retail demand pushed its valuation about $700 billion above Tesla’s, while major investors added over $2 billion in new stakes.
1. Record-Breaking IPO Raise
SpaceX offered 555.6 million shares in its debut, raising a landmark $75 billion and setting a new high for a private company entering public markets.
2. Immediate Stock Surge
Shares climbed nearly 8% on Monday, capping a two-day gain of over 25% as both retail and institutional buyers flooded the IPO.
3. Valuation Outpaces Tesla
The strong demand pushed SpaceX’s valuation roughly $700 billion above Tesla’s market cap, making it one of the largest public listings ever.
4. Major Investor Participation
Ron Baron added $1 billion to bring his stake to $25 billion, and Gina Rinehart committed over $1 billion, underscoring broad confidence from high-profile investors.
