SpaceX Prices $1.77 Trillion IPO at $135, Allocates 20% Retail Shares
SpaceX IPO priced at $135 per share valued the company at $1.77 trillion and generated roughly $75 billion through a 5% public float. Over 20% of those shares were allocated to retail investors, and FTSE Russell’s accelerated inclusion timeline still limits initial index weight until lock-ups expire.
1. IPO Pricing and Valuation
SpaceX set its IPO price at $135 per share, establishing an initial market capitalization of $1.77 trillion. The offering sold approximately 5% of total equity, raising about $75 billion from investors.
2. Public Float and Retail Allocation
Only a small fraction of total shares was made available to the public, with more than 20% of the float reserved for retail investors. The balance of shares was allocated to institutional participants under the IPO structure.
3. Index Inclusion and Future Weight
FTSE Russell accelerated its inclusion timeline but upheld minimum float and voting rights standards, resulting in a modest initial index weight. As lock-up restrictions expire and the public float expands, index weight and related rebalancing activity are expected to increase.
