SpaceX IPO Raises $75B at $1.77T Valuation with $175 Price Target
SPCX•SpaceX priced its IPO at $135 per share, raising $75 billion and setting a valuation of $1.77 trillion. Thirty-four European venture capital firms, including early backer Hedosophia, joined the offering while Wolfe Research initiated coverage with an Outperform rating and a $175 share target.
1. IPO Details
SpaceX offered 555.6 million shares at $135 each, raising $75 billion and achieving a market capitalization of $1.77 trillion in the largest U.S. IPO to date.
2. European VC Participation
Thirty-four European venture capital firms now hold SpaceX positions, from 2015 Series G investor Hedosophia at a $12 billion valuation to recent entrants like Launchbay Capital and Redstone VC via special purpose vehicles.
3. Wolfe Research Outlook
Analysts at Wolfe Research initiated an Outperform rating with a $175 price target, implying 30% upside based on 16× 2028 sales and 54× 2028 EBITDA, highlighting potential launch-cost cuts below $5 million with Starship and Starlink’s $90 billion EBITDA forecast by 2030.
