Elon Musk’s rocket and satellite company, SpaceX, has made financial history by setting the price for its highly anticipated initial public offering (IPO). The company locked in its final stock price at exactly $135 per share. This monumental move has officially allowed SpaceX to raise a record-breaking $75 billion through the public market debut. By achieving this massive figure, SpaceX has easily shattered the previous global fundraising record held by Saudi Aramco, Saudi Arabia’s state oil giant, which raised $25.6 billion when it went public in 2019.
The public offering involved the sale of 555.56 million Class A common shares to eager public and private investors. Based on a total of 13.08 billion shares outstanding, this pricing structure gives SpaceX a valuation of $1.77 trillion. This market value instantly positions SpaceX as the seventh-largest public company in the United States and eighth in the world, placing it right ahead of tech and financial giants like Meta Platforms, JPMorgan Chase, and even Musk’s own electric vehicle company, Tesla. To ensure broad public participation, Musk rewrote the standard Wall Street playbook by intentionally reserving an unusually large 30% allocation of the available stock specifically for everyday retail buyers. Following the completion of the IPO, Musk retains 82% of the company’s total voting power, maintaining ironclad operational control over his expansive space empire.
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Under the official ticker symbol “SPCX”, shares of the aerospace leader are officially scheduled to open and begin active trading on the Nasdaq Global Select Market on Friday morning.
