The SpaceX IPO, the largest listing in history, is set to price this week, with Alphabet (GOOGL) stock fresh off a 12.67% slide from its May 18 record.
The debut turns a decade-old bet worth close to $100 billion into a number that updates every trading day
That visibility feeds the bull case behind Wall Street’s loftiest targets, while day-one sellers argue the other side. SpaceX IPO Hype Peaks as Day-One Sellers Line Up SpaceX is set to price its offering Thursday evening and begin trading Friday on Nasdaq under the ticker SPCX. The fixed $ 135-per-share deal targets a $75 billion raise at a valuation near $1.75 trillion.
That makes it the largest initial public offering (IPO) ever. Reported demand neared $150 billion before order books, where investors submit share requests, were set to close Wednesday. Meanwhile, SpaceX reserved 5% of the offering for a direct share program, a slice sold to buyers chosen by its executives.