SpaceX Prices $75B IPO at $135, Valuing Firm at $1.77T
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- SpaceX priced its IPO at $135 per share, raising $75 billion, the largest public offering in history.
- SpaceX issued 555.6 million shares, valuing the company at $1.77 trillion after the IPO.
- Forbes reported that retail investors placed orders exceeding $100 billion for the IPO.
- Fortune noted that Goldman Sachs and other bankers were low‑balled on fees.
- Elon Musk stands to become the world’s first trillionaire if the IPO proceeds as projected, per AFP and Bloomberg.
- HotAir highlighted progressive critics’ upset over the IPO’s scale and wealth implications.
Why it matters: The IPO injects $75 billion of capital into SpaceX, boosting its market cap to $1.77 trillion and giving Elon Musk a path to trillion‑dollar wealth, while banks lose fee revenue and progressive observers decry the concentration of wealth and the political implications of such a massive private‑sector financing.
