Elon Musk's SpaceX raises $75bn ahead of world's biggest stock market launch
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- SpaceX raised $75bn by selling shares at $135 each ahead of its Nasdaq listing, giving the company a near $1.8tn valuation.
- Elon Musk is positioned to become the world’s first trillionaire if SpaceX shares maintain or exceed $135 upon trading, bolstered by his 40% equity stake and 84% voting control.
- Oppenheimer set a $190 target price for SpaceX shares, signaling strong analyst confidence ahead of the IPO despite market uncertainty about valuation sustainability.
- Tom Mueller, SpaceX’s first employee, reflected on the company’s journey from early rocket failures to orbital success in 2008, calling it an 'incredible ride' ahead of the public listing.
- Peta Cooper, a UK-based retail investor, plans to invest £750 in SpaceX shares, citing long-term belief in the company’s innovation and track record in space exploration.
- Harvard Law School analysis notes Musk will retain control of SpaceX even if he sells Class A shares, due to his dominant voting power through Class B shares, raising potential governance risks for investors.
Why it matters: SpaceX’s IPO gives retail and institutional investors rare access to a privately valued near-$2tn company, but concentrated voting power means Musk alone can shape major decisions — including deals with his other firms — limiting shareholder influence despite public ownership.
