SpaceX officially went public on June 12, trading under the ticker SPCX on the Nasdaq after raising $75 billion in an initial public offering. Elon Musk rang the opening bell remotely from Starbase, Texas, while President and COO Gwynne Shotwell and CFO Bret Johnsen handled the in-person festivities in New York.
The IPO priced shares at $135 each, but indications showed them opening near $175. That’s a roughly 30% pop before most retail investors could even place an order.
The biggest IPO ever, and it’s not close
SpaceX’s $75 billion raise dwarfs the previous record holder, Saudi Aramco, which pulled in $29 billion when it listed in 2019. SpaceX raised more than 2.5 times what the world’s most profitable oil company managed at its peak hype moment.
The company’s valuation at the IPO price sat at approximately $1.77 trillion. If shares open where indications suggest, near $175, that figure climbs north of $2 trillion.
