US equity markets opened higher as Wall Street braces for what could be the most consequential IPO in stock market history. SpaceX, Elon Musk’s aerospace and satellite internet empire, is preparing to go public on the Nasdaq under the ticker SPCX, with shares priced at $135 each.
The offering aims to raise approximately $75 billion, which would dwarf Saudi Aramco’s previous record and value SpaceX at roughly $1.77 to $1.8 trillion.
The numbers behind SpaceX mania
The offering is reportedly oversubscribed by more than four times, with indicated interest exceeding $250 billion. That’s roughly a quarter-trillion dollars of demand chasing $75 billion worth of shares.
SpaceX plans to sell approximately 555.6 million shares, with a retail allocation target of 20-30%. That retail slice is significantly above the typical IPO allocation that individual investors receive, and platforms like Fidelity and Robinhood are expected to serve as key distribution channels.
