CNBC- SpaceX prices its record-breaking IPO at $135 per share, raising $75 billion and will start trading on the Nasdaq later on Friday.
- Musk holds roughly half of SpaceX's stock, which is currently valued at about $867 billion, contributing to his combined wealth of more than $1.1 trillion when including Tesla shares.
- Elon Musk is the world’s first trillionaire (on paper) thanks to the SpaceX IPO.
- SpaceX cuts retail allocation to low-20% range, indicating strong institutional demand for shares.
- The group is raising $75 billion at a valuation of $1.77 trillion, making SpaceX the seventh most-valuable U.S. company.
- Even with a smaller allocation, the retail tranche would still rank among the largest ever for a U.S. IPO of this size.
- SpaceX reported a significant $13 billion loss since the beginning of 2023.
SpaceX has made history with its initial public offering (IPO) of $75 billion, pricing shares at $135 each. This valuation emphasizes Elon Musk's ascent as the world’s first trillionaire, achieved through his substantial stake in SpaceX.1267891012
Musk holds roughly half of SpaceX's stock, worth approximately $867 billion at the IPO price. Combined with his Tesla shares, his total valuation exceeds $1.1 trillion, outpacing the net worth of Bill Gates by more than ten times.345
“Musk is now worth as much as the world’s next four richest individuals combined,” reflecting an unprecedented financial milestone.
The IPO marks a significant moment, being the largest in U.S. history, even as it cuts retail allocations to the low-20% range, indicative of strong institutional demand amidst fierce competition among investors.
SpaceX, while ambitious with its projects in rocket and satellite technology, has disclosed considerable losses leading up to the IPO, reporting $13 billion in losses since early 2023. Despite this, the overwhelming demand for shares indicates confidence in its future prospects, solidifying its status as the seventh most valuable U.S. company.
“SpaceX's record-setting IPO raises $75 billion at a valuation of $1.77 trillion, making it the seventh most-valuable U.S. company. Musk's stock in SpaceX and Tesla positions him as the world's first trillionaire on paper.”
