SpaceX Smashes IPO Records With $75B Raise and $1.77T Valuation
SpaceX just pulled off the largest IPO in history, selling 555.6 million shares at $135 each.
SpaceX has officially gone public in the most spectacular fashion possible. The company raised $75 billion in what is now the biggest initial public offering ever recorded. Full stop.
The rocket maker sold 555.6 million shares at $135 a pop, landing it a staggering market valuation of $1.77 trillion. That immediately catapults SpaceX into the upper echelon of the world's largest publicly traded companies.
The IPO also has massive implications for founder Elon Musk's personal fortune. The listing puts him on the doorstep of becoming the world's first trillionaire — a milestone that seemed like science fiction not long ago.
For context, this IPO dwarfs every previous record. SpaceX didn't just break the ceiling. It launched through it. The company now trades alongside tech and energy giants that took decades to reach comparable valuations.