SpaceX will sell 555.6 million shares at $135 each, raising $75 billion in the largest IPO on record.
SpaceX will list 555.6 million shares on Nasdaq at $135 each, targeting a $75 billion capital raise and a $1.77 trillion valuation. The IPO, the largest on record, follows years of private growth and employee equity grants.
The offering surpasses prior tech IPOs in scale, with shares distributed to early employees, including welders and technicians. A former contractor, Juan Hernandez, holds stock worth $880,000 from a $10,000 grant in 2015. Insiders face lock-up periods, while retail access is restricted under Fidelity’s rules.
Analysts warn of post-listing volatility, citing historical underperformance of high-profile IPOs. The company’s valuation reflects investor demand for space-sector exposure amid limited public alternatives.