Elon Musk's SpaceX prices shares at $135, raising $75 billion in largest-ever IPO

SpaceX priced its initial public offering at $135 per share on Thursday, aiming to raise approximately $75 billion in what would be the largest IPO in history. The valuation places the company's fully diluted market capitalization at roughly $1.8 trillion. Trading for SpaceX shares is scheduled to commence on the Nasdaq exchange on Friday. This significant valuation reflects strong investor confidence in SpaceX's trajectory and its dominant position in the aerospace and satellite communications sectors. The company's success with its Starlink satellite internet service and its ongoing development of Starship, a fully reusable super heavy-lift launch vehicle, are key drivers behind this valuation. SpaceX has previously raised substantial funding rounds, including a $750 million round in December 2023 that valued the company at $180 billion, indicating a rapid increase in its market value over a short period. The IPO is expected to attract significant attention from institutional investors and the broader market, potentially setting new benchmarks for technology and space industry valuations.