SpaceX Conducts Largest IPO in History: Shares Valued at $135

Photo: TechCrunch
Quick answer
SpaceX completed the largest IPO in history, pricing shares at $135 and raising $75 billion. The company will trade on Nasdaq under the ticker SPCX, and Elon Musk could become the world's first trillionaire as a result.
SpaceX has officially completed the largest initial public offering (IPO) in history. Shares were priced at $135 each, enabling the company to raise $75 billion. This milestone surpasses the previous record set by Saudi Aramco in 2019, which raised $24.9 billion.
Trading of SpaceX shares will commence on Nasdaq under the ticker SPCX. Preliminary data indicates strong demand from both institutional investors and retail buyers. Underwriters involved in the offering note the potential for an additional 83.3 million shares, which could generate an extra $11 billion.
Elon Musk, SpaceX's founder and CEO, will be among the primary beneficiaries of the IPO. He holds nearly 850 million Class A shares and 5.6 billion Class B shares, giving him significant control over the company. Other major shareholders include Antonio Gracias, CEO of Valor Management, and Gwynne Shotwell, SpaceX's COO.
Despite the company's ambitious plans—including reusable rockets and chip fabrication facilities—analysts highlight risks tied to its current valuation. Long-term success will depend on executing key projects and maintaining leadership in the space technology market.
Common questions
- How much did SpaceX raise in its IPO?
- SpaceX raised $75 billion by issuing 555.6 million shares at $135 each, setting a new record for initial public offerings.
- Who will benefit most from SpaceX's IPO?
- Elon Musk, who owns a significant stake in the company, will be the primary beneficiary. Major investors like Antonio Gracias and Gwynne Shotwell will also gain substantially.
- What risks are associated with SpaceX's valuation?
- Despite ambitious projects like reusable rockets and chip manufacturing, the long-term justification for SpaceX's high valuation remains uncertain.
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