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SpaceX prices record $75B IPO at $135 ahead of Friday debut
Confirmed
What we know
SpaceX on Thursday priced its initial public offering at $135 a share, selling about 555.6 million Class A shares and raising roughly $75 billion — the largest IPO on record, ahead of Saudi Aramco’s 2019 debut. The price implies a valuation near $1.77 trillion; shares are set to begin trading Friday on Nasdaq under ticker SPCX, with the offering expected to close June 15.
The company granted underwriters a 30-day greenshoe option for up to about 83.3 million additional shares. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are among the lead bookrunners. SpaceX had tested the fixed $135 take-it-or-leave-it price with investors before the roadshow; SEC registration was declared effective Thursday.
What's confirmed
- Pricing: 555.6M shares at $135; ~$75B raised; largest IPO ever vs Aramco 2019 (CNBC/TechCrunch/SpaceX).
- Valuation ~$1.77T at offer; Nasdaq debut Friday June 12 under SPCX; close targeted June 15 (CNBC/SpaceX).
- Greenshoe: up to ~83.3M additional shares; Goldman/Morgan Stanley/BofA/Citi/JPM lead (SpaceX/Reuters).
- SEC registration effective June 11; fixed-price approach after testing-the-waters (CNBC/TechCrunch).
What's still developing
- Opening print and first-day demand when SPCX begins trading Friday.
- Whether underwriters fully exercise the greenshoe and final gross proceeds.
- How public markets price Starship, Starlink and AI data-center narratives after listing.
Sources
- CNBC — SpaceX raises $75 billion in record-setting IPO ahead of Nasdaq debut link
- TechCrunch — SpaceX officially prices shares at $135 in the largest IPO ever link
- Reuters — Musk’s SpaceX prices record $75 billion IPO at $135 a share link
- SpaceX — Announces pricing of initial public offering ($135; SPCX June 12) link