Elon Musk's reusable rocket maker filed its long-awaited IPO prospectus on Wednesday
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That's more than triple the size of the biggest U.S. IPO to date, which was Alibaba 's $22 billion offering in 2014.
Key facts
The next largest U.S. IPOs were from Visa, which raised nearly $18 billion in 2008, Enel SpA 's $16.5 billion deal in 1999, and Facebook 's $16 billion 2012 debut
Rivian's IPO in late 2021 raised $11.9 billion and its initial pop made the EV maker worth more than Ford or GM at the time
The Chinese tech and e-commerce giant raised $21.8 billion when it debuted on the New York Stock Exchange in 2014, the largest IPO in history at the time
European telecom giant Deutsche Telekom raised more than $13 billion when it debuted on the NYSE in November 1996
Summary
When SpaceX finally debuts on the Nasdaq, under the ticker symbol SPCX, it will almost certainly set a record for the largest offering ever. Elon Musk's reusable rocket maker filed its long-awaited IPO prospectus on Wednesday. The next largest U.S. IPOs were from Visa, which raised nearly $18 billion in 2008, Enel SpA 's $16.5 billion deal in 1999, and Facebook 's $16 billion 2012 debut. Investors are counting on SpaceX to breathe life into an IPO market that's seen muted activity since late 2021, as soaring inflation and rising interest rates pushed investors out of risk. Cerebras gave Wall Street a chance to get in on AI hardware with its Nasdaq listing last week, the biggest tech offering since Uber 's IPO in 2019.