SpaceX Conducts Largest IPO in History at $85.7 Billion
Photo: TechCrunch
Quick answer
SpaceX’s record $85.7 billion IPO will fund debt repayment, AI infrastructure development, Starlink expansion, and launch pad upgrades.
SpaceX has completed the largest initial public offering (IPO) in history, raising $85.7 billion. Underwriters exercised an option to purchase additional shares, exceeding the initial $75 billion target and setting a new record.
Proceeds will be allocated to key initiatives: $20 billion for debt repayment tied to X (formerly Twitter*) and xAI projects, which were integrated into SpaceX prior to the IPO. The remaining funds will support AI infrastructure development, Starlink’s satellite internet expansion, and launch pad upgrades.
SpaceX shares debuted on Nasdaq on Friday, with the company’s market capitalization surpassing $2 trillion by the end of the trading day, making Elon Musk the world’s first trillionaire. On Monday, stock prices continued to climb, allowing SpaceX to surpass Taiwanese semiconductor giant TSMC in valuation.
** Social network X (Twitter) is banned in the Russian Federation.
Common questions
- How will SpaceX use the IPO proceeds?
- Part of the funds—$20 billion—will cover debts tied to X (formerly Twitter*) and xAI projects. The remainder will invest in AI infrastructure, Starlink network expansion, and launch site modernization.
- What is SpaceX’s current market cap after the IPO?
- Following its Nasdaq debut, SpaceX’s market cap exceeded $2 trillion. Stock prices surged further on Monday, overtaking TSMC’s valuation.
- Why was SpaceX’s IPO historic?
- The $85.7 billion raised set a new record, surpassing the previous IPO high also held by SpaceX at $75 billion.
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