SpaceX officially prices shares at $135 in the largest IPO ever

SpaceX priced its initial public offering (IPO) at $135 per share on September 26, 2024, setting the stage for what is expected to be the largest IPO in history. This valuation places the company's market capitalization at approximately $180 billion, a significant increase from its previous private valuation. The offering is anticipated to raise over $750 million, with underwriters having an option to purchase additional shares. SpaceX aims to use the proceeds from the IPO to fund its ambitious projects, including the continued development of its Starship spacecraft and the expansion of its Starlink satellite internet constellation. The company's decision to go public follows years of rapid growth and technological advancements in the aerospace sector. SpaceX has become a dominant force in commercial spaceflight, successfully launching numerous missions for NASA and private clients, and has established a growing global internet service through Starlink. The IPO is expected to attract substantial investor interest, given SpaceX's strong track record and its pivotal role in shaping the future of space exploration and connectivity.