The launch represents one of the highest-profile efforts yet to bring newly listed U.S. equities onchain from their first day
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SpaceX’s debut is expected to test investor appetite for both large-scale technology offerings and the growing convergence between traditional finance and blockchain-based markets.
Key facts
The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily topping Saudi Aramco's $30 billion in 2019
That would be valued at under $1.2 billion at BTC's current price around $63,500
SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts
Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high
Summary
SpaceX (SPCX) has priced its initial public offering at $135 a share, implying a valuation of nearly $1.8 trillion. The company, which generated roughly $19 billion in revenue last year but has yet to post a net profit, has sizable bitcoin holdings of 18,712 BTC valued at under $1.2 billion at current prices. Alongside its Nasdaq debut, a tokenized version of SpaceX stock issued on Solana by Backpack will enable onchain trading and redemption of the underlying shares, testing investor appetite for the convergence of traditional equities and blockchain markets. SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years. The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily topping Saudi Aramco's $30 billion in 2019.