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SpaceX began trading as a public company on the Nasdaq exchange. The listing marked a major shift for Elon Musk’s space transport group. Shares were priced at $135 each. That pricing implied a total valuation of $1.77 trillion. The flotation also drew attention for its scale and investor access.
The company raised $75 billion by selling 555.56 million shares. SpaceX provides satellite services and artificial intelligence services. The offering set a new record for capital raised. Elon Musk kept 82% of the voting power. That structure left control concentrated, even after the public debut.
The IPO exceeded the earlier record held by Saudi Aramco. Saudi Aramco raised $25.6 billion in 2019. After listing, SpaceX ranked seventh among United States firms by valuation. The market value moved ahead of Meta Platforms. It also surpassed the market value of Tesla.
| Item | Detail |
|---|---|
| Exchange | Nasdaq |
| Offer price | $135 per share |
| Shares sold | 555.56 million |
| Funds raised | $75 billion |
| Valuation | $1.77 trillion |
| Elon Musk voting power | 82% |
SpaceX used a method that differed from common IPO practice. The company allocated 30% of shares to retail investors. That proportion is large for a listing of this size. SpaceX also fixed the price before roadshows. Final pricing was announced during active trading.
Adam Sarhan of 50 Park Investments said the stock now faced its main test. Adam Sarhan said the market must digest the shares. Adam Sarhan also stressed retail demand for stability. The outlook depended on government contracts and Blue Origin competition. Starlink revenue supported the long-term multiplanetary plan.
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