SpaceX locks in IPO price of $135, making it largest stock debut ever
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SpaceX set its final IPO price at $135 on Thursday, the last stage in a long-running process to bring Elon Musk’s space and AI conglomerate public.
Key facts
SpaceX had been aiming to go public at a value of more than $2 trillion; however, that has since been trimmed to about $1.7 trillion
SpaceX set its final IPO price at $135 on Thursday, the last stage in a long-running process to bring Elon Musk’s space and AI conglomerate public
The company is targeting roughly 30% retail participation, compared with closer to 10% in a typical IPO
He estimates SpaceX alone is expected to raise more money than all U.S. IPOs in 2024 and 2025 combined
Summary
The company, which also owns the X social media network, will begin trading Friday at a valuation of $1.77 trillion. It could also test the mechanics of the market itself. But the implications of this IPO stretch far beyond the opening trade. For years, SpaceX was largely accessible only to venture capital firms, institutional investors and a small group of private shareholders.