SpaceX is about to pull off the largest IPO in history, and Wall Street apparently still wants more. Investor demand for the offering has hit roughly $150 billion, about twice the $75 billion the company aims to raise, according to Reuters.
The numbers behind the biggest IPO ever
SpaceX plans to sell 555.6 million shares at a fixed price of $135 each. That math lands the company at a valuation somewhere between $1.75 trillion and $1.77 trillion, making it one of the most valuable companies on the planet before it even starts trading publicly.
The timeline is tight. SpaceX filed its S-1 registration statement with the SEC on May 20. An investor roadshow kicked off in early June. Pricing is targeted for around June 11, with trading expected to begin June 12 on Nasdaq under the ticker SPCX.
For context, the previous record-holder for largest IPO was Saudi Aramco’s 2019 listing, which raised about $25.6 billion. SpaceX is targeting nearly three times that amount.
