Space Exploration Technologies Corp. raised approximately $75 billion [1] in a record initial public offering that began trading Friday morning.
The debut marks a pivotal transition for the company from a private entity to a public one, signaling investor confidence in the commercialization of space and artificial intelligence.
Trading began at 9:30 a.m. ET on the Nasdaq exchange in New York [2]. Shares opened at approximately $150 per share [3], which is about 30% higher than the official IPO price of $135 per share [3]. This surge pushed the company into the ranks of the top six most valuable companies in the U.S. [3].
The IPO pricing was announced Thursday, setting the stage for Friday's market activity [1]. Investors viewed the offering as a growth opportunity, treating the firm as one of the largest companies in the world [1].
Reports on the company's total valuation vary following the debut. Some reports indicate the company raised $75 billion [1], while other reporting suggests a market debut valuation of $2 trillion [4]. Such a valuation would potentially make founder Elon Musk the first trillionaire in the world [4].
SpaceX has long been a dominant force in satellite launches and spacecraft transport, but this public listing provides the company with a massive influx of capital to fund its goals. The company's intersection of space hardware and AI continues to attract institutional and retail interest [1].
“SpaceX raised approximately $75 billion in a record initial public offering.”
The scale of this IPO suggests that the market is pricing SpaceX not just as a launch provider, but as a critical infrastructure layer for the global economy. By transitioning to a public company, SpaceX gains a liquid currency for potential acquisitions and a massive capital reserve to accelerate the development of its Mars-bound hardware and Starlink expansion.
