Daijiworld Media Network – New York
New York, Jun 12: SpaceX has reportedly made history with what is being described as the largest-ever initial public offering (IPO), pushing the company into the ranks of the world’s most valuable listed firms and bringing founder Elon Musk close to becoming the world’s first trillionaire.
According to reports, Space Exploration Technologies Corp. raised about $75 billion through the IPO, pricing 555.6 million shares at $135 each. The listing is said to be more than double the size of Saudi Aramco’s 2019 IPO, which raised $29.4 billion.
The company has also granted underwriters an over-allotment option of 83.3 million additional shares, which could increase the total deal size to around $86 billion if fully exercised.
At the IPO price, SpaceX is valued at approximately $1.77 trillion, with its fully diluted valuation estimated at nearly $1.8 trillion after accounting for employee stock options and restricted shares.
Investor interest in the offering has been exceptionally strong, with reports indicating demand more than four times the available shares. Retail investors are also said to have placed orders worth over $100 billion, despite a limited allocation.
However, the blockbuster listing has also drawn caution from market voices. Veteran short-seller James Chanos described the IPO as a “hopes-and-dreams” offering, suggesting that enthusiasm is being driven more by Elon Musk’s vision and the artificial intelligence narrative rather than current profitability.
Analysts believe the listing could further boost momentum in AI-linked stocks and open the door for other major tech IPOs, including firms such as Anthropic and OpenAI, which are expected to consider public listings in the coming period.
SpaceX’s valuation surge has also placed it among the top global companies by market capitalisation, even reportedly surpassing Tesla at current estimates.
The IPO is expected to significantly increase Musk’s paper wealth, with projections suggesting his net worth could move close to the trillion-dollar mark depending on post-listing performance and future incentive targets.
The company is set to debut on the Nasdaq under the ticker SPCX, marking one of the most closely watched stock market listings in recent years.