SpaceX Finalizes IPO Price at $135 a Share in World’s Largest Public Offering
The New York Times • • business
Key Points:
- SpaceX has set its initial public offering (IPO) price at $135 per share, planning to sell over 555 million shares and raise approximately $75 billion, valuing the company at $1.77 trillion.
- This IPO would become the largest in history, surpassing Saudi Aramco's 2019 record valuation of $1.7 trillion and $29 billion raised.
- SpaceX will begin trading publicly under the ticker symbol SPCX, marking a significant milestone for Elon Musk and the space industry.
- The IPO is part of a broader trend of major tech companies like Anthropic and OpenAI, both nearing $1 trillion valuations, preparing to go public, potentially creating multiple trillion-dollar publicly traded firms.
- Elon Musk's stake in SpaceX would be worth over $860 billion at the IPO price, although he faces restrictions on selling some shares until certain operational milestones are met.