SpaceX goes public with $1.8 trillion valuation
SpaceX has raised $75 billion in the largest IPO of all time, valuing the company at nearly $1.8 trillion. The company will deploy the fresh capital into AI computing hardware, rocket and satellite parts, and more.
The IPO is expected to have a significant impact on the companies that supply components to SpaceX. Alphabet, which made a $900 million investment in SpaceX in 2015, could be a big winner from the IPO.
SpaceX’s growth ambitions and increased spending could also benefit other publicly traded companies that supply components to the company. The company’s valuation has grown significantly since 2015, when it was valued at $12 billion.
The IPO windfall could lead to increased demand for components and services from companies that supply to SpaceX, potentially leading to billions of dollars in new revenue for these companies.