SpaceX priced its record $75 billion IPO at $135 per share, selling 555.56 million shares and achieving a $1.77 trillion valuation despite a $5 billion loss last year. Fast-track entry into the Nasdaq 100 within about a month and an underwriters' option to sell extra shares could fuel investor demand.
SpaceX raised $75 billion by selling 555.56 million shares at $135 each, marking the largest IPO in history and establishing a $1.77 trillion valuation despite posting a $5 billion loss last year.
Shares may begin trading mid-session after underwriters balance buy and sell orders, testing exchange systems and the so-called 'Musk premium' that has bolstered valuations at Tesla and other ventures.
Fast-track admission to the Nasdaq 100 within about a month and an underwriters' option to sell additional shares within 30 days are expected to drive passive fund and ETF demand for SpaceX stock.
Investors will monitor grey market indicators suggesting a potential 30% debut gain, assess technical risks in order handling, and gauge appetite for mega-listings ahead of upcoming AI-focused offerings.
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