SpaceX’s $75B IPO Prices at $135, Shares Jump 25% to $168.75
SPCX•SpaceX raised $75 billion by pricing its IPO at $135 per share, making it the largest global public offering in history and giving the company a $1.77 trillion market valuation. Shares opened at $150, up 11% from the offering price, and surged 25% intraday to $168.75 on strong investor demand.
1. Record-Breaking IPO Launch
SpaceX priced its IPO at $135 per share on Friday, raising $75 billion and setting a new record for the largest offering in history. The offering leapfrogged the previous $26 billion record by Saudi Aramco.
2. Strong Initial Trading
Shares opened at $150, an 11% increase over the offering price, and surged as high as $168.75, marking a 25% intraday gain driven by institutional and retail investor enthusiasm.
3. Valuation and Demand
The IPO delivered a market valuation of $1.77 trillion, placing SpaceX among the world’s most valuable public companies. Retail orders alone topped $100 billion, underscoring strong demand across investor segments.
4. Future Growth Plans
Proceeds will fund SpaceX’s ambitious initiatives, including Mars colonization plans, solar-powered orbital data centers, and expansion of the Starlink broadband network and AI-driven services, aimed at driving long-term revenue growth despite current unprofitability.
