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SpaceX Sets Price for the World's Largest IPO
SpaceX has set its IPO price at $135 per share, valuing the company at $1.77 trillion, making it the largest IPO ever to fund ambitious space projects like orbital AI data centers.
What: SpaceX has priced its initial public offering at $135 per share, projecting a valuation of $1.77 trillion and aiming to raise $74.4 billion. The stock will trade on NASDAQ as SPCX next week.
Why it matters: This IPO demonstrates a massive capital injection into the private space sector, enabling long-term, high-risk "moonshot" projects that extend beyond traditional rocket launches into new frontiers like in-orbit data centers and lunar manufacturing.
Original article
SpaceX has set a price of $135 for its initial public offering, putting the company's value at $1.77 trillion. The company aims to raise $74.4 billion from the offering, which is set to be the largest IPO ever. Its stock is likely to begin trading on the NASDAQ next week under the ticker symbol SPCX. SpaceX plans to use the money it raises to fund various moonshots, including putting AI data centers into orbit, building a lunar factory, and sending humans to Mars.
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