Musk's SpaceX Set to Make Biggest-Ever Initial Public Offering on Wall Street
Investors placed more than $150 billion in orders as the offering drew a sold-out institutional book and retail access at the same price.
- On Thursday, SpaceX priced its initial public offering at $135 per share, raising $75 billion and valuing the rocket and spacecraft manufacturer at $1.77 trillion.
- The offering breaks the previous record held by state-run oil giant Saudi Aramco, which raised $25.6 billion in December 2019, positioning SpaceX as one of the world's most valuable companies.
- Starlink serves as the financial backbone, generating $4.4 billion in operating income last year, while Starship research and xAI operations continue consuming significant capital.
- Unusually, SpaceX allocated up to 30% of shares to individual investors at the $135 price, bypassing traditional roadshows with a 'take it or leave it' approach.
- Analysts warn of potential volatility as markets digest the offering, with Renaissance Capital Senior Strategist Matt Kennedy noting the true test arrives in coming weeks.
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These days we have the opportunity to witness the making of history in the financial markets. Elon Musk's company, Space X, raised $75 billion in its Initial Public Offering (IPO).
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Business Insider editors Dan DeFrancesco and Joe Ciolli discussed the historic SpaceX IPO.Business InsiderSpaceX has finally gone public in the biggest IPO in history.Two of Business Insider's editors and newsletter authors sat down for a live Q&A to discuss the historic IPO.They talked about the first day's price action, Elon Musk's role in the company, and what comes next in a year of mega-IPOs.SpaceX, Elon Musk's aerospace, satellite, and AI …
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