SpaceX achieved the largest IPO in history, becoming one of the world's most valuable listed companies and bringing founder Elon Musk one step closer to becoming the world's first trillionaire.
According to a statement released by SpaceX on its official website on Thursday, the company's IPO issued 555.6 million shares at an issue price of US$135 per share, raising a total of US$75 billion. The size of SpaceX’s IPO is more than double the US$29.4 billion listing record set by Saudi Aramco in 2019.
According to the statement, SpaceX has also granted the underwriting banks over-allotment rights to purchase an additional 83.3 million shares at the issue price. If this right is fully exercised, the IPO financing scale will increase to approximately US$86 billion.
Based on the issuance price, SpaceX’s market value reaches US$1.77 trillion. After including employee stock options and restricted stock units, the company's fully diluted valuation is approximately $1.8 trillion.
Musk's strong appeal among retail investors was an important factor in this transaction. People familiar with the matter said on Thursday that retail investors had subscribed for more than $100 billion, well above the 20% of IPO shares reserved for them.
SpaceX will begin trading on the Nasdaq and Nasdaq Texas Market under the ticker symbol "SPCX" on Friday.