SpaceX raises $75 billion in IPO at $135 per share, valuing company at $1.78 trillion
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Summary
SpaceX has gone public with a massive IPO priced at $135 per share, raising $75 billion and valuing the company at approximately $1.78 trillion. The offering could grow to $86 billion with underwriters' options, potentially making it the largest US IPO ever. Despite reporting a $4.9 billion net loss in 2025 on $18.7 billion revenue, investor demand was overwhelming — orders exceeded available shares by over three times, with retail investors placing over $100 billion in orders. Only SpaceX's Connectivity segment is profitable ($4.4 billion), while Space and AI divisions continue to operate at a loss.
Key quotes
· 4 pulledSpaceX priced its IPO at $135 a share, raising $75 billion and valuing the company at roughly $1.78 trillion.
Underwriters' option could increase proceeds to about $86 billion, which would make it the largest US IPO.
Only the Connectivity segment is profitable, earning $4.4 billion in 2025, while Space and AI continue to lose money.
Orders exceeded shares offered by more than three times, and retail investors placed over $100 billion in orders, receiving 20% to 25% of shares sold.
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