SpaceX has officially confirmed the completion of a $75 billion initial public offering, making it the largest IPO in history.
The company priced 555.6 million shares at $135 each, surpassing the previous record set by Saudi Aramco, which raised $24.9 billion during its 2019 stock market debut.
The company will trade on the Nasdaq under the ticker symbol SPCX.
According to SpaceX, investor demand significantly exceeded available shares, with reports indicating the offering attracted interest far above the amount available for purchase. Underwriters also retain the option to release an additional 83.3 million shares, which could raise a further $11 billion.
The historic listing is expected to substantially increase the wealth of founder Elon Musk, while delivering significant gains for early investors, executives, and venture capital firms that backed the company during its years as a private enterprise.
Despite strong investor enthusiasm, analysts note that questions remain about how the company will justify its valuation over the long term as it continues to pursue ambitious projects, including reusable rocket systems, satellite networks, and future Mars colonisation plans.
