SpaceX’s record $85.7 billion IPO on Nasdaq highlights the exchange’s tech dominance and potential revenue growth from future listings.
SpaceX completed its initial public offering on the Nasdaq exchange, raising $75 billion, or $85.7 billion including overallotments. The stock surged nearly 20% on its first two trading days, marking the largest IPO in history.
Nasdaq’s tech-focused reputation attracted SpaceX, reinforcing its appeal to other high-profile companies planning IPOs, such as OpenAI and Anthropic. Listing fees and ongoing charges provide a recurring revenue stream for the exchange.
Beyond fees, Nasdaq benefits from increased demand for trading data and licensing, further boosting its annuity-like income streams.