Multitrillion-dollar SpaceX IPO will make scores of multimillionaires - how they’ll spend the cash revealed
Page Six • • business
Key Points:
- SpaceX is set to go public this week, expected to raise at least $75 billion by selling 556 million shares at $135 each, valuing the company at over $1.75 trillion and debuting on Nasdaq under the ticker "SPCX."
- The IPO is anticipated to create a new wave of billionaires, with notable early investors including rapper 2 Chainz and former White House communications director Anthony Scaramucci, as well as various Hollywood and tech insiders.
- The influx of wealth from the IPO is expected to significantly impact luxury markets, driving increased demand and soaring prices in high-end real estate, art, private planes, and boats, particularly in cities like San Francisco, Los Angeles, and Miami.
- Recent trends show a surge in liquidity and spending in luxury sectors, fueled by tech IPOs including SpaceX, OpenAI, and Anthropic, with insiders noting record-breaking prices and booming markets for large-ticket luxury items.