SpaceX Prices Record $75B IPO at $135/Share
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- SpaceX priced 555.6 million shares at $135 each, raising $75 billion in the largest IPO ever, per Bloomberg and the company's own announcement
- The offering values SpaceX at $1.77 trillion, placing it among the largest public companies, with shares set to begin trading on Nasdaq
- Elon Musk is on the verge of becoming the world's first trillionaire on paper as a result of the IPO, per Reuters and the Washington Post
- Yahoo Finance framed the deal differently from most coverage, reporting that "buyers are betting on an idea, not a business" — a skeptical counterpoint to the valuation
- Fortune highlighted that SpaceX "lowballed its bankers on fees," noting Goldman Sachs has another way to win big from the deal
- crypto.news reported that Musk "fueled a loan frenzy" ahead of the IPO, signaling margin-debt demand as a driver of the offering's pricing
- Benzinga flagged that the $75B raise may disappoint retail investors, an angle largely absent from the mainstream trillionaire-focused headlines
Why it matters: At $75 billion raised in a single offering, this dwarfs every prior IPO on record and instantly reshapes the global market-cap rankings, with Musk's paper wealth crossing the trillion-dollar threshold for the first time. Yet coverage from Yahoo Finance, crypto.news, and Benzinga points to a more complicated picture: leverage-driven demand, skepticism that the valuation is backed by current business fundamentals, and limited retail access — risks the dominant "biggest IPO ever" framing largely papers over.
