SpaceX just did what SpaceX does: shatter records. The company completed the largest initial public offering in history, raising approximately $85.7 billion after underwriters exercised a greenshoe overallotment option to sell an additional 83.3 million shares on top of the base offering.
The IPO, which debuted on Nasdaq under the ticker SPCX, initially priced at $135 per share with 555.6 million shares sold, bringing in $75 billion before the overallotment kicked in. Shares opened around $150 on the first trading day, a roughly 11% pop that signals the kind of investor appetite most companies can only dream about.
Inside the numbers
To put $85.7 billion in context, that’s more than the GDP of most countries. It dwarfs every previous IPO by a wide margin. Saudi Aramco’s 2019 listing, previously the record holder, raised around $25.6 billion. SpaceX more than tripled that figure.
At the initial $135 pricing, SpaceX carried a valuation between $1.75 trillion and $1.8 trillion. That places it among the most valuable companies on the planet right out of the gate, sitting comfortably in the same neighborhood as Apple, Microsoft, and Nvidia.
