SpaceX officially prices shares at $135 in the largest IPO ever

Overview

SpaceX priced its initial public offering at $135 per share, selling 555.6 million shares to raise roughly $75 billion. That makes it the largest IPO in history, far surpassing the $24.9 billion Saudi Aramco raised in 2019. The space and AI company, formally Space Exploration Technologies Corp., trades on Nasdaq under the ticker SPCX at a valuation near $1.77 trillion, and the deal positions Elon Musk to become the world's first trillionaire.

Key Takeaways

SpaceX set its IPO price at $135 per share, selling 555.6 million shares for about $75 billion in proceeds.
The offering ranks as the largest IPO ever, roughly three times the size of Saudi Aramco's 2019 record of $24.9 billion.
Shares trade on the Nasdaq exchange under the ticker symbol SPCX, with the company valued around $1.77 trillion.
At this valuation Elon Musk is set to become the world's first trillionaire, based on his large stake in the company.
Underwriters hold an option to sell an extra 83.3 million shares, which would add about $11 billion in proceeds if demand stays strong.
On its first trading day the stock climbed roughly 19 percent, closing near $161 after the $135 offering price.

Stats & Key Facts

#$135 per share IPO price across 555.6 million shares sold
#About $75 billion raised, the largest IPO total in history
#$1.77 trillion company valuation at the offering price
#Prior record was Saudi Aramco at $24.9 billion in 2019
#83.3 million share over-allotment option worth about $11 billion
#Roughly 19 percent first-day gain, closing near $161
#About $40 billion in private capital raised before going public

SpaceX Prices 555.6 Million Shares at $135 to Raise $75 Billion

The headline numbers define the scale of the deal.

›Share price set at $135 each
›555.6 million shares sold to underwriters
›Total proceeds of about $75 billion
›Trades on Nasdaq under ticker SPCX
›Formal company name is Space Exploration Technologies Corp.

Why This Beats Saudi Aramco as the Largest IPO in History

The previous record for the largest initial public offering belonged to Saudi Aramco, the state oil giant, which raised $24.9 billion when it went public in 2019. SpaceX's roughly $75 billion haul is close to three times that figure, setting a new high mark by a wide margin.

An IPO is the first time a private company sells stock to public investors. The size of an IPO is measured by how much money the company raises, which makes the SpaceX deal the biggest such fundraising event on record.

A $1.77 Trillion Valuation Puts Elon Musk on Track to Be the First Trillionaire

At the $135 offering price, SpaceX carries a valuation of about $1.77 trillion. That places it among the most valuable companies in the United States, in the same range as chip and software heavyweights.

Because Elon Musk holds a large ownership stake in the company, the valuation positions him to become the world's first trillionaire. His holdings include hundreds of millions of Class A shares and billions of Class B shares that carry extra voting power.

Strong Demand and the Over-Allotment Option for 83.3 Million More Shares

Reports point to heavy buying interest from large and small investors.

›Demand reported as roughly four times oversubscribed
›Underwriters hold an option for 83.3 million extra shares
›Exercising that option would raise about $11 billion more
›Big institutional buyers and individual investors lined up ahead of trading

First-Day Trading Pop and the Hyperliquid Synthetic Price Signal

Before trading opened, a crypto market called Hyperliquid offered synthetic exposure to SpaceX stock and priced it near $167, pointing to an expected first-day jump of about 20 percent above the offering price. A first-day pop is the common pattern where a newly listed stock rises sharply once public trading begins.

When real trading started, the stock followed that script. SPCX opened above its $135 price, traded as high as the $170s during the session, and closed up roughly 19 percent near $161, confirming the strong appetite the bankers had signaled.

Engineering Costs and Open Questions Behind the Valuation

The valuation rests on ambitious projects that still need to be finished. SpaceX is building the world's largest reusable rocket and has plans for a new American chip fabrication plant, both of which carry heavy costs and execution risk.

The company describes itself as a space and AI conglomerate, and a $1.77 trillion price tag sets a high bar for future results. Investors are betting that SpaceX delivers on those projects to justify a valuation that ranks among the largest in the country.

Frequently Asked Questions

What price did SpaceX set for its IPO?

SpaceX priced its shares at $135 each and sold 555.6 million shares, raising about $75 billion in total proceeds.

Why is this called the largest IPO in history?

The roughly $75 billion raised tops the previous record, the $24.9 billion that Saudi Aramco raised when it went public in 2019, making it the biggest stock market debut ever measured by money raised.

What ticker and exchange does SpaceX trade under?

SpaceX trades on the Nasdaq stock exchange under the ticker symbol SPCX. The company's formal name is Space Exploration Technologies Corp.

How does this IPO affect Elon Musk's net worth?

At the $1.77 trillion valuation and given Musk's large ownership stake, the deal positions him to become the world's first trillionaire.

How did the stock perform on its first trading day?

SPCX opened above its $135 offering price and closed up roughly 19 percent near $161, in line with the expected first-day pop that market signals had suggested.

SpaceX's debut rewrites the record books for public offerings and places Elon Musk on a path to a trillion-dollar fortune. The bigger test is whether the company's rocket and chip projects deliver returns that match its $1.77 trillion price tag.