SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation

SpaceX conscionable rewrote the IPO grounds book. The institution sold much than 555 cardinal shares astatine $135 each, raising $75 billion and landing a valuation of astir $1.8 trillion. According to CNBC's Melissa Lee, that places SpaceX arsenic the seventh astir invaluable U.S. company, up of Tesla (NASDAQ:TSLA), and pushes Elon Musk to the borderline of a idiosyncratic milestone nary 1 has reached.

As Lee reported connected the web this morning, "Musk is close connected the cusp of becoming the world's archetypal trillionaire. And that volition beryllium connected wherever SpaceX and Tesla shares settee erstwhile the marketplace closes today."

The IPO That Overshadowed Every Other Listing

Demand for the offering was extraordinary. CNBC reported the publication was astir 5 times oversubscribed, with organization whales starring the chase. BlackRock unsocial sought astatine slightest $5 billion worthy of shares, according to the segment.

That crowding squeezed retail. Individual investors were slated to person a stock allocation successful the low-20% range, beneath the astir 30% allocation SpaceX had primitively targeted. According to Yahoo Finance, the banal trades at $152.66 at 12:36 PM ET connected June 12, good supra the $135 terms wherever the banal started the time trading.

For position connected scale, SpaceX's $75 cardinal haul exceeds the combined $36 billion raised by 71 different IPOs truthful acold successful 2026. One CNBC big noted that "If we get different mega IPO this twelvemonth similar OpenAI oregon Anthropic, the full would apt skyrocket again."

How SpaceX Stacks Up Against America's Largest Companies

SpaceX's $1.8 trillion debut valuation present clears Tesla, which carries a $1.49 trillion marketplace cap. Tesla shares were down 11.24% year-to-date done June 11, complicating the mathematics connected whether Musk becomes a trillionaire today.

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Tesla's reported Q1 ties to SpaceX are besides worldly to investors weighing the read-across. The automaker disclosed a $2 cardinal equity concern successful SpaceX and a semiconductor fab concern astatine Gigafactory Texas, giving TSLA holders a tiny but nonstop portion of the upside from the IPO.