SpaceX's $75B IPO has investors seeing stars
It might also make Musk the world's first trillionaire
SpaceX has priced its blockbuster initial public offering at $135 a share, raising $75 billion and valuing Elon Musk's rocket biz at roughly $1.78 trillion.
The haul could rise to about $86 billion if underwriters exercise their option to buy more stock, making it the largest IPO in US history.
The company confirmed [PDF] that 555.6 million shares of Class A common stock were sold in the offering, with another 83.3 million available to underwriters.
SpaceX is a loss-making company. In its Form S-1, filed with the US Securities and Exchange Commission, it divided operations into Space (Falcon 9 and the like), Connectivity (Starlink), and AI. Only the Connectivity segment is turning a profit, to the tune of $4.4 billion in 2025, while the others continue to rack up losses. Making a profit from AI continues to elude many companies...
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