SpaceX IPO to Be Largest Ever at $135 Share Price
The New York Times • • general
Key Points:
- SpaceX set its initial public offering (IPO) price at $135 per share, valuing the company at $1.77 trillion and making it the largest IPO in history.
- The IPO is expected to raise $74.4 billion, surpassing the previous record held by Saudi Aramco, which raised over $29 billion in 2019.
- Unlike typical IPOs, SpaceX announced a single fixed price without a preliminary range, and the stock is expected to begin trading on Nasdaq next week under the ticker SPCX.
- This IPO could signal a wave of large public offerings from AI companies like OpenAI and Anthropic, both nearing $1 trillion valuations.
- Elon Musk, holding about 50% of SpaceX, would see his stake valued at roughly $752 billion, further solidifying his position as the world’s richest person.