SpaceX IPO Shatters Records
SpaceX's blockbuster IPO raised record funds and sent shares soaring on debut.
Summary
Mostly CenterSpaceX’s historic Nasdaq debut grew even larger after underwriters exercised their option to buy additional shares, lifting the total raised from an initially reported $75 billion to about $85.7 billion, or nearly $86 billion. The Elon Musk-led rocket, satellite and AI company already had the biggest IPO on record before the extra allotment pushed the proceeds higher. The offering capped years of investor fascination with SpaceX’s reusable rockets and Starlink network, while giving the company a massive new pool of capital for its next phase as a public company. Billionaire investor Ron Baron’s prediction that SpaceX could become a $40 trillion company underscored the scale of expectations surrounding the listing.
The Coverage
Investor Aftermath
After the IPO, retail investors complained that they received only tiny allocations, with some debating whether to sell quickly or hold the stock. SpaceX shares jumped nearly 20% in their first full trading day, and many Americans are set to gain exposure indirectly as the company enters broad market index funds used in 401(k)s, IRAs and pensions.
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