SpaceX Achieves Record $75 Billion IPO with $135 Share Price
- SpaceX priced its shares at $135, raising $75 billion from the sale of 555.6 million shares.
- This IPO is the largest ever, surpassing Saudi Aramco’s previous record of $30 billion in 2019.
- The company will begin trading on Nasdaq under the ticker SPCX, with a valuation of approximately $1.8 trillion.
- In the last fiscal year, SpaceX generated around $19 billion in revenue from launches and government contracts.
- As of March, SpaceX held approximately 18,712 bitcoin, valued at nearly $1.2 billion based on current prices.
The successful IPO positions SpaceX as a major player in public markets while highlighting its significant revenue generation capabilities and substantial bitcoin holdings.
With a record-setting raise of $75 billion, SpaceX’s entry into public markets marks a pivotal moment for the aerospace industry and investors alike.(Source)
