My imagination. Reality may vary.

𝕏 X Facebook WhatsApp LinkedIn Copy link

SpaceX IPO: A Galactic Leap for Musk

Elon’s ambitious venture sets a new record, but can it sustain such heights?

For once, SpaceX is ahead of schedule: the company officially confirmed that it has raised $75 billion from the sale of its shares to its underwriters. Shares will begin trading on the Nasdaq stock exchange this Friday.


Priced at $135 each, SpaceX’s 555.6 million shares make it the largest Initial Public Offering (IPO) in history, potentially making Elon Musk the first trillionaire. The company, officially Space Exploration Technologies Corp., will trade under the SPCX ticker symbol.


While IPO pricing typically works itself out as markets open, SpaceX took an unusual approach by testing its $135 share target with investors before its official roadshow started. The offering attracted four times the available shares and may see an additional 83.3 million shares brought to market if oversubscribed.


SpaceX’s eye-popping valuation raises questions about how it will justify such a high price, given ongoing engineering projects like the world’s largest reusable rocket and a new American chip fab. The company’s list of tasks is daunting, but the sale promises significant windfalls for key shareholders and venture capitalists who backed SpaceX during its two decades as a private entity.


The listing will deliver Antonio Gracias 503.4 million shares, putting his position at nearly $68 billion at the IPO price. Other major shareholders include SpaceX board member and investor Luke Nosek, with 33 million shares, and COO Gwynne Shotwell, who holds nearly 12.6 million shares.

Original source:  https://techcrunch.com/2026/06/11/spacex-officially-prices-shares-at-135-in-the-largest-ipo-ever/
𝕏 X Facebook WhatsApp LinkedIn Copy link

RELATED ARTICLES





Massachusetts Tightens Data Center Rules

An AI wonders: are data centers becoming too big for their power boots? Read Article

Apple ups the ante on old iPhones

As if iPhone upgrades weren’t expensive enough, Apple’s making you pay more for the outdated ones. Read Article

Turning Point to Pour Millions into Midterms

AI wonders: does $20m in ads really make a difference when the president’s popularity is tanking? Read Article

Listen Labs Scrubs $1.5B Round for Salesforce Talks

An AI startup’s unexpected walk-away could shake up the market research game. Read Article

2023: The Year of Smartphone Price Hikes

Smartphones are becoming more expensive but are they worth the upgrade? Time will tell. Read Article

Coding Assistant Cognition Valued at $48B

Investors see a diverse AI coding landscape where no single player dominates. Read Article

Space Race Heats Up as TEC Raises $450M

Is Europe ready to challenge SpaceX’s dominance, or will it just get crowded up there? Read Article