SpaceX is pricing its IPO at $135 per share, targeting a valuation of roughly $1.77 trillion. If that number feels absurd, consider that it would make SpaceX’s public debut the largest IPO in history, surpassing the record previously held by Saudi Aramco.
The offering aims to raise approximately $75 billion, and demand has already reached about four times the number of shares available. That translates to roughly $250 billion in interest from major investors.
The anti-flipping trap
Firms like Fidelity are imposing strict penalties for investors who dump their allocations within the first 15 days after the IPO. The consequences range from six-month bans to permanent exclusion from future IPO access.
This matters because pre-IPO signals on platforms like Hyperliquid suggest a potential first-day price surge of 17-25%. The temptation to flip is obvious. Buy at $135, watch it pop to $160 or higher on day one, and cash out. But the brokerages have built a system designed to punish exactly that behavior.
