SpaceX prices $75 billion IPO at $135 a share ahead of Nasdaq debut
The Facts
- SpaceX priced its IPO at $135 per share.
- The company sold about 555.6 million shares and raised $75 billion in the offering.
- The IPO valued SpaceX at about $1.77 trillion.
- SpaceX shares are set to begin trading on Nasdaq on Friday under the ticker symbol SPCX.
- Multiple outlets report that this is the largest IPO on record, exceeding the previous record set by Saudi Aramco.
- At its IPO valuation, SpaceX would rank among the largest publicly traded U.S. companies, with some reports placing it around seventh by market value at debut.
- The market debut is being closely watched as a test of whether investors will support SpaceX’s high valuation once trading begins.
How left and right are reading this
- Both agree
- A record-setting $75 billion IPO and roughly $1.77 trillion valuation make Friday’s Nasdaq debut a real test of whether investors will sustain one of the largest market debuts ever once trading begins.
- They split on
- Less a disagreement than a question of emphasis: the concentration of extraordinary economic power in a single newly public company, versus the opening trade as a clean test of market discipline and genuine demand.
Analytical frames for this storyTap to explore
Context
Why is this IPO drawing so much attention?
The offering raised $75 billion at a $1.77 trillion valuation, which multiple reports say makes it the largest IPO ever and puts SpaceX among the biggest U.S. listed companies as it starts trading Financial Express,NDTV,WSJ.
When and where will SpaceX stock trade?
SpaceX is scheduled to begin trading on Nasdaq on Friday under the ticker SPCX after pricing the offering on Thursday Hindustan Times,Yahoo! Finance,WSJ.
What remains uncertain after the IPO pricing?
The next open question is how the stock performs once public trading starts, because Reuters and CNBC describe the debut as a test of whether investors will continue to back SpaceX’s valuation in the open market Investing.com,Yahoo! Finance,CNBC.
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