SpaceX just pulled off the biggest IPO in history, and it wasn’t even close. Shares priced at $135 rocketed 20% on the first day of trading, tacking on roughly $412 billion in market value and pushing the company’s capitalization past the $2 trillion mark.
The Nasdaq debut raised $75 billion in fresh capital, a figure that makes every prior public offering look quaint by comparison. For context, Saudi Aramco’s 2019 IPO raised about $25.6 billion and held the record for years. SpaceX nearly tripled it.
The numbers behind the launch
SpaceX entered the public market with an initial valuation of approximately $1.8 trillion. Pre-IPO perpetual contracts on crypto trading platforms had already been hinting at valuations as high as $2.2 trillion, so the first-day surge wasn’t entirely a surprise to those paying attention.
18,712 Bitcoin on the balance sheet
