SpaceX raises $75 billion in record-breaking U.S. IPO, valued at $1.77 trillion
By
Dan Primack
A good honest bake. Not flashy, but you'll finish the whole bagel.
Summary
SpaceX raised $75 billion in its IPO, making it the largest U.S. IPO ever. The company sold 555.56 million shares at $135 each, with the offering being heavily oversubscribed. Elon Musk did not sell any shares, and the IPO values SpaceX at approximately $1.77 trillion, making it one of the world's most valuable companies.
Key quotes
· 4 pulledThis is the largest U.S. IPO ever, at least until Anthropic and OpenAI go public later this year, and makes SpaceX one of the world's most valuable companies.
SpaceX sold 555.56 million shares at $135 each, as expected.
Reports say the offering was very oversubscribed, including by retail investors who were allocated an unusually large number of shares.
Musk didn't sell any shares in the offering, which valued his position at over $866 billion.
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