SpaceX Raises $75B at $135 IPO, Gains 19% on Day One
SPCX•SPCX•SPCX•SPCX•SpaceX raised $75 billion at $135 per share in the largest IPO ever, implying a $1.75 trillion valuation and posting a 19% first-day gain followed by a 6% premarket advance. Evercore strategists warn a “Dream Big FOMO” effect could fuel further momentum in the technology-driven bull market.
SpaceX raised $75 billion in its IPO at $135 per share, securing a record $1.75 trillion valuation and surpassing all previous U.S. listings in terms of proceeds.
Shares jumped 19% from open to close on debut day and added about 6% in premarket trades the following session, underscoring strong investor demand.
Evercore strategists led by Julian Emanuel anticipate a “Dream Big FOMO” effect as investors chase exposure to transformative technology names, potentially extending the current bull market rally.
Equity issuance remains below historical peaks, with total IPO activity far under late-1990s levels, suggesting that capital markets are not yet at a speculative extreme.
