SpaceX priced its IPO at $135 per share on June 11, raising approximately $75 billion by selling 555.6 million shares. The stock is expected to open on June 12 somewhere between $170 and $175, which would value the company at roughly $1.77 trillion before most retail investors even place their first order.
That opening pop, if it holds, represents a roughly 26% to 30% gain from the IPO price. In English: institutional investors who got in at $135 are already sitting on a very comfortable cushion before the opening bell rings.
The biggest IPO in history, and it’s not close
Saudi Aramco’s 2019 IPO raised around $25.6 billion and held the crown for nearly seven years. SpaceX nearly tripled that figure.
The company used a fixed-price offering structure rather than the traditional book-building method, where bankers gauge investor demand to set a final price. The fixed-price approach invited heavy oversubscription, a sign that demand far outstripped available shares.
