SpaceX officially prices shares at $135 in the largest IPO ever
The offering raised $75 billion and drew more than $250 billion in demand, underscoring strong appetite for the largest IPO ever.
- On Thursday, Space Exploration Technologies Corp. set its final IPO price at $135, with trading beginning Friday at a valuation of $1.77 trillion, making it history's largest IPO.
- Renaissance Capital strategist Matt Kennedy estimates SpaceX alone may raise more money than all U.S. IPOs in 2024 and 2025 combined, anchoring what he calls a "top-heavy" IPO boom.
- The U.S. venture secondaries market, estimated between $62.5 billion and $120.9 billion in 2025, harbors fraud risks as Anduril cofounder Matt Grimm warned of "wildcat" sellers preying on retail investors.
- Many secondary sales use "special purpose vehicles," or SPVs, which Rainmaker Securities CEO Glen Anderson said trade units rather than shares without requiring company approval, obscuring investor economics.
- The upcoming IPO will unearth how many synthetic shareholders exist in SpaceX, potentially exposing the secondary market's true scale, after Morningstar analysts wrote last week the company is "overvalued.
172 Articles
172 Articles
SpaceX Begins Trading in Historic IPO
The Wall Street Journal called Friday "SpaceX Day," and the big moment just arrived: Shares of Elon Musk's rocket company began trading under the ticker SPCX on the Nasdaq exchange in the biggest initial public offering in history, reports CNBC . The shares started at $150, above the company's $135 IPO...
The golden stock exchange age of the AI begins and the race towards a "multiplanetary civilization". SpaceX, the aerospace and AI company founded and directed by the extravagant tycoon Elon Musk, has debuted this Friday on the Nasdaq technology index as the largest stock market outlet ever made, has skyrocketed almost 30% and catapulted its founder to an unprecedented patrimonial dimension: that of the first billionaire of history, with more tha…
Coverage Details
Bias Distribution
- 35% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
