SpaceX Sets $135 IPO Price, Poised to Become Largest Public Offering Ever at $1.77 Trillion Valuation
By
Ryan Mac
A weekday bagel. Dependable, satisfying, no fuss.
Summary
SpaceX has set a $135 share price for its initial public offering, valuing the company at $1.77 trillion and positioning it to raise $74.4 billion. This would make it the largest IPO ever, surpassing Saudi Aramco's 2019 record in both valuation and funds raised. The article reports on Elon Musk's rocket maker and AI company entering the public market with historic financial ambitions.
Key quotes
· 3 pulledSpaceX, Elon Musk's rocket maker and artificial intelligence company, set a price for its initial public offering on Wednesday of $135, which would value it at $1.77 trillion and crown it the largest I.P.O. ever.
The $135 share price means Elon Musk's rocket maker is poised to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.
At that price, SpaceX would raise $74.4 billion
You might also wanna read
SpaceX IPO filing reveals $4.9 billion loss despite $18.67 billion revenue
SpaceX's IPO prospectus reveals the company is not as financially dominant as expected, reporting a $4.9 billion net loss on $18.67 billion
axios.com·14d ago
SpaceX IPO: Analyzing Elon Musk's $2 trillion gambit and market fairness concerns
The article discusses the upcoming SpaceX IPO, framed as one of the most consequential public offerings in history with a nearly $2 trillion
The Verge·16h ago
SpaceX, Anthropic, and OpenAI prepare for record-breaking IPOs totaling up to $4 trillion
Three major companies—SpaceX, Anthropic, and OpenAI—are preparing for massive IPOs that could collectively add up to $4 trillion to the stoc
economist.com·3d ago