SpaceX will make its debut on Wall Street on Friday and both institutional and retail investors are expected to gobble up 555.6 million shares going up for sale at $135 apiece.
SpaceX will make its debut on Wall Street on Friday and both institutional and retail investors are expected to gobble up 555.6 million shares going up for sale at $135 apiece.
Elon Musk's SpaceX has confirmed it will begin trading on the Nasdaq exchange on Friday in the biggest initial public offering in history, a blockbuster market debut that could propel the entrepreneur to trillionaire status. In a filing with the US markets regulator on Thursday, the company priced more than 555 million shares at $135 each, placing SpaceX in the top 10 of Wall Street's biggest companies with a valuation of just under $1.8 trillion.
The offering will raise a record $75 billion, easily outranking Saudi Aramco's $29.4 billion debut in 2019, until now the biggest ever. Underwriters hold an option to buy nearly 83 million additional shares, which would push the total above $86 billion if exercised in full. The space and rocket company, co-founded by Musk in 2002, will trade under the ticker symbol "SPCX," with a parallel listing on Nasdaq Texas.
All eyes will be on how Wall Street absorbs the offering, which could send tremors across global markets. SpaceX will be the first out of the gates among the tech and AI giants eyeing public markets, with OpenAI and Anthropic expected to follow — both having recently filed with regulators for their own market debuts.
As is traditional for high-profile debuts, executives are expected to ring the opening bell on Friday to mark the start of the session — in this case at New York's Times Square, home of the Nasdaq. The IPO is Musk's biggest financial gamble yet, with his xAI company and the X social media platform also included in the offering after the multi-billionaire folded them into the company earlier this year.
SpaceX IPO: Five key facts about history's 'most valuable' market debutSpaceX IPO: Five key facts about history's 'most valuable' market debutThe offering was more than four times oversubscribed by major banks and financial institutions, according to Bloomberg, with interest from everyday investors reported to be high. More than 20 percent of the shares will be reserved for these retail investors, a far greater proportion than is typically allocated in IPOs, giving Musk's legions of fans a chance to buy a slice of the company.
The success of the IPO rests squarely on investors' faith in Musk as a visionary entrepreneur. The tech multi-billionaire will serve as chief executive, chief technology officer and board chairman of the newly traded company. The IPO is expected to mint thousands of new millionaires and many billionaires, with former and current employees — and a long list of investors — from the company's near quarter-century history looking to cash in.
The financials of the company are giving some on Wall Street pause, as the valuation largely depends on Musk delivering on promises worthy of science fiction, including putting data centers in space and humans on Mars using as yet unproven technology. While the company is growing fast — revenue hit $18.7 billion in 2025 — it is also losing money, producing a net loss of $4.9 billion.
In an extraordinary prediction, SpaceX's filing claims it can pull in over $28.5 trillion in revenue from its various markets. Musk's fortune on Thursday stood at $782 billion, according to the Forbes list of the world's richest people, nearing three times the wealth of number two, Google co-founder Larry Page.
SpaceX IPO: Five key facts about history's 'most valuable' market debutSpaceX IPO: Five key facts about history's 'most valuable' market debutScientists discover world's largest whale graveyard off the coast of AustraliaNetanyahu 'has certainly gotten some things wrong', US Vice President JD Vance says
Please follow us on Google to support us United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SpaceX stock price: Elon Musk company's pre-IPO market has fallen 27% in three weeksThe SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium.
Read more »
The Hollywood power players set to make billions in Elon Musk’s SpaceX IPOSpaceX is poised for a record-setting debut on Friday, but a number of private shareholders invested early in Elon Musk’s company. Who’s making bank?
Read more »
Elizabeth Warren: Elon Musk’s SpaceX IPO May Screw Retirees, Must Be DelayedThe Massachusetts senator is calling on the SEC to delay Friday’s public offering.
Read more »
SpaceX's $250 Billion IPO Attracts Investor Interest, with Elon Musk's AppearanceSpaceX, the aerospace manufacturer and space transportation company led by Elon Musk, has reportedly attracted more than $250 billion in investor interest for its blockbuster IPO on Friday. The company aims to raise $75 billion, but indications of interest have far exceeded that target. Investment funds have placed substantial orders for the offering based on meetings with prospective investors.
Read more »