SpaceX sets a date for historic IPO that could bump Elon Musk into trillionaire status
SpaceX has announced a Nasdaq IPO priced at $135 per share for over 555 million shares, valuing the company at nearly $1.8 trillion and potentially propelling Elon Musk into trillionaire status. The offering, set to raise up to $86 billion, is the largest in history and includes Musk’s xAI and X (formerly Twitter) under the same umbrella, with trading set to begin on Nasdaq and Nasdaq Texas under the ticker 'SPCX'.
SpaceX confirmed its historic initial public offering (IPO) will begin trading on Nasdaq on Friday, marking the largest IPO in history. The company priced over 555 million shares at $135 each, valuing SpaceX at nearly $1.8 trillion—exceeding Tesla, Meta, and Walmart. The offering could raise up to $86 billion, including an underwriter option for an additional 83 million shares, surpassing Saudi Aramco’s 2019 record of $29.4 billion. Founded by Elon Musk in 2002, SpaceX will trade under the ticker 'SPCX' with a parallel listing on Nasdaq Texas. The IPO incorporates Musk’s xAI and X (formerly Twitter), which were merged into SpaceX earlier this year, making it his largest financial move yet. Executives are expected to ring the opening bell at New York’s Times Square to mark the debut. The valuation places SpaceX among the top 10 companies on Wall Street, ahead of major tech and AI firms like OpenAI and Anthropic, which are also preparing for their own market debuts. Analysts will closely watch how global markets react to the offering, given its unprecedented scale. SpaceX’s IPO follows a strategic consolidation of Musk’s ventures, including the integration of xAI and X, which could further amplify his influence in both technology and social media sectors. The company’s market entry sets a precedent for future tech and AI giants aiming to go public.
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