SpaceX pulled off the largest initial public offering in history on June 11, pricing shares at $135 and raising between $75B and $86B. Less than two weeks later, the company tacked on a $25B bond sale that attracted roughly $90B in orders. Combined, that’s north of $111B in fresh capital flowing into Elon Musk’s rocket company in under a month.
The IPO and its wild first weeks
SpaceX sold 555.6 million shares at $135 apiece, beginning trading on June 12 under the ticker SPCX. The valuation at listing approached $1.75T to $1.8T, a figure that would place the company among the most valuable on Earth from day one.
Shares surged as high as $226 before pulling back sharply, settling in a range of $153 to $165 by late June.
On June 23-24, the company launched a bond offering initially sized at $20B but upsized to $25B after demand came in at nearly $90B. The tranches mature between 2031 and 2056, with interest rates ranging from 5.35% to 6.65%.
