SpaceX Goes Public, Raises $75 Billion in the Largest IPO Ever

SpaceX completed its IPO on June 11, raising about $75 billion — the largest initial public offering on record.

Three key facts

The numbers alone are staggering. SpaceX sold 555,555,555 shares (a long string of fives, a very Musk touch) at $135 apiece, raising roughly $75 billion and pushing its valuation to about $1.75 trillion — instantly placing it among the most valuable listed companies on Earth. The stock trades on Nasdaq under SPCX and rose about 19% on day one.

Where does the money go? The prospectus spells it out. SpaceX says proceeds will fund continued growth of its AI compute infrastructure, launch facilities and vehicles, and satellite constellations. In other words: a rocket company is plowing a big chunk of history's largest IPO into compute.

Retail can buy in — but may not be the winner. Commentators note that most of SpaceX's dramatic value growth happened while it was still private, so the real gains went to Musk and early backers; ordinary investors entering at the IPO face relatively limited upside.

WangDou's Take

The largest IPO in history, with retail buyers queuing overnight — except the real meat was already gnawed off by Musk and early investors back in the private rounds. Buy in at $135 a share and you're getting the bones of a $1.75 trillion valuation. Funnier still, the prospectus says it plainly: a big slice of the cash goes to "AI compute." A rocket company raises $75 billion in the biggest IPO ever, and the first thing it does is go fight for Jensen Huang's GPUs — the rocket hasn't launched yet, but the GPUs are already on board.

Source: NPR — SpaceX IPO makes history as largest ever. Stock gains 19% on first day · The Conversation — SpaceX raised $75B in record IPO