SpaceX Sets Record $75B IPO at $135 per Share
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- SpaceX priced its IPO at $135 per share, selling 555.6 million shares and raising $75 billion, valuing the company at $1.77 trillion.
- Elon Musk stands to become the world’s first trillion‑aire if the IPO’s valuation holds, per Bloomberg and AFP.
- Forbes reported that retail investors placed orders for over $100 billion in the IPO, driving demand beyond the initial allocation.
- Fortune noted that SpaceX low‑balled its banks on fees, reducing compensation for Goldman Sachs and other underwriters.
- HotAir highlighted that progressive critics are upset about the IPO’s size and perceived inequality.
- Nasdaq will host the record‑setting debut, with analysts calling it the largest U.S. public offering ever.
Why it matters: SpaceX’s $75 billion IPO instantly creates a $1.77 trillion public company, giving Musk a path to trillion‑aire status while flooding the market with a new tech mega‑cap. At the same time, banks see reduced fees and progressive critics decry the deal’s inequality.
