New York, USA – SpaceX, the space technology company owned by American billionaire Elon Musk, has made financial history. The company successfully raised $75 billion, setting an unprecedented record. This figure officially makes it the largest initial public offering (IPO) in the history of the United States and global markets.
On Thursday, the company set the final price for its initial public offering at $135 per share, exactly in line with the estimates provided by management last week.
With this pricing, the aerospace and artificial intelligence giant’s initial market capitalization reached approximately $1.77 trillion. This instantly made the company one of the most valuable and highly valued companies in the world.
The world’s largest and highest-rated
The IPO saw exceptional demand, with the company raising this astronomical sum by selling 555.56 million shares. Based on these figures, SpaceX will rank as the seventh largest publicly traded company in the United States. This will occur as soon as its shares begin trading on the Nasdaq technology exchange today, Friday.
This historic valuation comes despite the company incurring financial losses last year. Furthermore, the revenues of other giant companies far exceed its own, reflecting the massive investor confidence in its future.
According to historical market data, the largest initial public offering (IPO) before this event was Saudi Aramco’s in December 2019. At that time, the company raised $25.6 billion, valuing it at $1.71 trillion.
Even when adjusting Aramco’s figures for inflation to $33.2 billion and a market capitalization of $2.21 trillion, SpaceX’s IPO still holds the record for the largest fundraised IPO ever.
Listing details and market forecast
In an official filing with the U.S. Securities and Exchange Commission (SEC), the company confirmed the sale of shares at $135. This came amid expectations of increased demand from investment funds and individual investors.
Financial analysts have set higher target prices; global brokerage firm Oppenheimer predicts the stock will reach $190. It should be noted that the final price will be determined by supply and demand in the open auction market.
An inspiring journey and a test for the technology sector
Commenting on this achievement, Tom Mueller, the first official employee at SpaceX and founder of Impulse Space, described what the company has achieved as “unbelievable.”
In his interview with the BBC, Muller recalled the difficult beginnings of the success of the first rocket engine, then its explosion, and the fall of another missile, before achieving the first successful orbital launch in 2008, stressing that it was an amazing journey. He added, “It has been a truly amazing journey from the first explosions to global space leadership.”
This massive inclusion in the Nasdaq index represents a crucial test and a significant valuation indicator for major artificial intelligence and technology companies. These are companies with enormous private valuations approaching $1 trillion, such as OpenAI and Anthropic. They are eagerly awaiting the market’s reaction to this historic event.
