SpaceX just pulled off the biggest IPO in history, and it wasn’t even close. The company priced 555.6 million shares at $135 each on June 12, raising $75 billion in a single offering. Shares closed their first day of trading at $160.95, a 19% gain from the IPO price.
To put that $75 billion raise in perspective, it dwarfs every previous public offering. Saudi Aramco’s 2019 debut, long considered the gold standard, raised $25.6 billion. SpaceX nearly tripled that in a single day on the Nasdaq under the ticker “SPCX.”
The numbers behind the debut
Shares opened at roughly $150, an 11% premium above the offering price, and things only accelerated from there. The stock touched an intraday high near $176 during the session, briefly pushing SpaceX’s valuation above $2 trillion before settling back down.
At the closing price of $160.95, the company’s valuation sat at approximately $1.8 trillion. That makes SpaceX one of the most valuable publicly traded companies on the planet after a single day of trading.
