SpaceX Raises $75 B IPO, Eyes $60 B Anysphere Deal After Market Surge
SpaceX closed its June 12 IPO by raising $75 billion and reached a $2.1 trillion valuation, with premarket trading pushing its market cap 11% higher toward $2.75 trillion. The company unveiled a $60 billion acquisition of software firm Anysphere and received the first Wall Street sell rating within an hour of trading.
1. IPO Performance and Market Cap Surge
On June 12, SpaceX completed its initial public offering by raising $75 billion and securing a $2.1 trillion valuation. Premarket trading the following session added 11%, driving its market capitalization toward $2.75 trillion.
2. $60B Anysphere Acquisition Announcement
The company announced it would acquire software firm Anysphere for $60 billion, a move aimed at integrating advanced software capabilities into its launch and satellite operations. This acquisition marks one of the largest software sector takeovers on record.
3. Immediate Wall Street Sell Rating
Less than an hour after trading began, CFRA issued the first Wall Street sell rating on SpaceX stock, citing concerns over the company’s elevated valuation and near-term growth visibility. This rating underscores heightened scrutiny of the stock’s post-IPO performance.
4. Long-Term Revenue Outlook
CEO Elon Musk indicated SpaceX could approach $1 trillion in annual revenue by 2030, driven by growth in satellite broadband, launch services and emerging space-based ventures. This ambitious target frames investor expectations for the company’s future expansion.
