SpaceX priced its IPO at $135 per share on June 11, raising approximately $75 billion by selling 555.6 million shares. That makes it the largest initial public offering in history, both by dollars raised and by valuation, and it wasn’t particularly close.
The offering established a post-IPO valuation of roughly $1.77 trillion, slotting SpaceX in as the sixth-most valuable company on the planet. The stock is set to begin trading on the Nasdaq under the ticker SPCX on June 12.
The numbers behind the rocket fuel
To put $75 billion in context: the previous record-holder for largest IPO was Saudi Aramco’s 2019 listing.
Investor demand was, to use a technical term, absurd. Reports indicated the offering was oversubscribed with demand ranging between $250 billion and $350 billion. That means investors wanted to buy roughly three to five times more shares than were actually available.
