SpaceX ($SPCX) began trading publicly on Nasdaq after pricing the largest IPO on record at $135 per share, raising $75 billion and valuing the company at $1.77 trillion. Shares opened at $150, up 11% from the offering price, lifting SpaceX’s market value to roughly $1.96 trillion and making Elon Musk the world’s first trillionaire based on his combined holdings.
- SpaceX sold 555.6 million shares in the offering.
- The stock opened under ticker SPCX at $150 per share.
- The opening price implied a market value of about $1.96 trillion.
- Musk retains roughly 82% of SpaceX voting power.
- SpaceX reportedly allocated 20% of IPO shares to retail buyers.
- Bloomberg reported more than $100 billion of retail demand, with many investors receiving partial allocations.
- Options on SpaceX shares are expected to begin trading next week.
Relevant Companies
- SpaceX ($SPCX) - The IPO gives public investors direct exposure to the company’s space, satellite internet, and AI-related businesses.
- Tesla ($TSLA) - Tesla shares moved lower as investors assessed Musk’s expanding public-market exposure.
- Alphabet ($GOOGL) - Alphabet has exposure to space and AI infrastructure themes that overlap with SpaceX’s public-market narrative.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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