Elon Musk Just Dealt Some Massive News at SpaceX's Roadshow
The offering could mint about 4,000 new millionaires and lift Elon Musk toward trillionaire status as SpaceX seeks $74.4 billion in proceeds.
- On Friday, SpaceX will launch its initial public offering under ticker SPCX at a $1.77 trillion valuation, making it the largest IPO in history and potentially turning founder Elon Musk into the world's first-ever trillionaire.
- SpaceX achieved this valuation by folding xAI and Starlink into the company in February, inflating its value to more than 90 times its 2025 revenue, far exceeding Morningstar's estimate of about $780 billion.
- Nasdaq implemented a new rule allowing mega-offerings like SpaceX to list in just 15 days, rather than the traditional one-year seasoning period, with OpenAI and Anthropic expected to follow this accelerated timeline.
- Donald Trump Jr. holds SpaceX shares through his venture firm, 1789 Capital, which has grown to $3.5 billion in value since his father returned to the White House; he describes the firm as "patriotic capitalism."
- Peter Thiel's Founders Fund owns a stake worth more than $60 billion, while partner Luke Nosek holds roughly $2.5 billion in SpaceX stock and Gigafund has poured some $1 billion into the company's ventures.
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SpaceX IPO could break records – and test Wall Street’s faith in Musk
Elon Musk's SpaceX is set to begin trading publicly Friday in what could become the largest initial public offering (IPO) in history. The company previously told the Securities and Exchange Commission it plans to raise roughly $75 billion by selling more than 555 million shares. SpaceX has indicated an expected share price of about $135, though the final pricing is expected later Thursday and could change. If those numbers hold, SpaceX could deb…
SpaceX on cusp of record IPO that could make Elon Musk a trillionaire by Friday
SpaceX entered the final stretch on Thursday before its expected trading on Wall Street as part of the biggest initial public offering in history, which could propel co-founder Elon Musk to trillionaire status. If all goes as expected, the space and rocket company co-founded by Musk in 2002 will begin trading on the Nasdaq exchange on Friday morning, with all eyes on how Wall Street will absorb the blockbuster IPO that could send tremors across …
Elon Musk Just Dealt Some Massive News at SpaceX's Roadshow
The post Elon Musk Just Dealt Some Massive News at SpaceX’s Roadshow appeared first on 24/7 Wall St..At long last, it’s finally happening! The SpaceX (SPCX) IPO is coming tomorrow, and it promises to be fireworks, with demand coming in hot. It’s looking like it’ll be four times oversubscribed. For a $1.77 trillion IPO (that’ll work out to $135 per share), there’s certainly no shortage of those who want to get their share of the name on day one, …
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