SpaceX raised $75 billion by selling 555.6 million shares at $135 each, establishing a $1.77 trillion valuation in the largest U.S. IPO ever. The offering reserved a low-20% allocation for retail investors, underscoring questions about long-term liquidity and private-market growth sustainability.
SpaceX offered 555.6 million shares at $135 apiece, raising $75 billion in its debut offering. This sale marks the largest U.S. IPO to date and sets SpaceX’s initial market capitalization at approximately $1.77 trillion ahead of Nasdaq trading.
The company allocated a low-20% slice of shares to retail investors, a move aimed at balancing institutional demand with broader market participation. This relatively modest retail allotment may limit immediate retail liquidity but bolster institutional confidence.
Investors view the mega-IPO as a pivotal liquidity event after years of private funding rounds. Sustaining rapid private-market growth post-listing will hinge on trading volumes, aftermarket performance and broader market appetite for space and satellite ventures.
Reuters
