SpaceX Sets Record for Largest IPO in History at $1.77 Billion Valuation
By
Todd Spangler
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
SpaceX, Elon Musk's aerospace and technology conglomerate, has set a record for the largest IPO in history with an initial valuation of approximately $1.77 billion. The company priced 555.6 million shares of Class A common stock at $135.00 per share, raising about $75 billion. SpaceX encompasses rocket manufacturing, satellite internet (Starlink), AI operations, and ownership of X (formerly Twitter). Shares are expected to begin trading shortly.
Key quotes
· 3 pulledSpaceX on Thursday confirmed the pricing of its IPO of 555.6 million shares of its Class A common stock, at a public offering price of $135.00/share.
That gives it a valuation of around $1.77 billion; the company raised about $75 billion from the IPO.
Elon Musk's SpaceX — rocket manufacturer, satellite internet service provider, AI firm and owner of X (aka Twitter) all rolled into one — has officially set a record for the biggest IPO in history with its initial stock pricing.
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