SpaceX Completes Record-Breaking $75 Billion IPO on Nasdaq
SpaceX has concluded the largest initial public offering in history, raising $75 billion on the Nasdaq under the ticker SPCX. The offering valued the company at $1.77 trillion. Japanese retail investors participated significantly, acquiring $2.2 billion worth of shares through local platforms. Global investor demand reportedly reached $250 billion.
Key points
- SpaceX conducted the largest IPO in history, raising $75 billion by selling 555.6 million shares at $135 each.
- The company achieved a post-offering valuation of $1.77 trillion, significantly surpassing Saudi Aramco's previous record.
- Japanese retail investors purchased $2.2 billion of the shares, marking the largest first-time share sale in Japan recently.
- The IPO was heavily oversubscribed, with total investor demand estimated at $250 billion.
- SpaceX began trading on the Nasdaq under the ticker symbol SPCX.
SpaceX has successfully completed its initial public offering, raising a record-breaking $75 billion. The aerospace manufacturer and space transport services company began trading on the Nasdaq stock exchange under the ticker SPCX. This offering surpasses the previous record set by Saudi Aramco in 2019, which raised $29.4 billion.
The IPO priced 555.6 million shares at $135 each, resulting in a post-offering valuation of $1.77 trillion for SpaceX. Investor demand significantly outstripped supply, reportedly reaching approximately $250 billion, making the offering nearly four times oversubscribed.
Japanese retail investors were notably active in the offering, acquiring $2.2 billion worth of SpaceX shares. This substantial allocation was facilitated through platforms like Mizuho, Rakuten Securities, and SBI Securities, making it the largest first-time share sale in Japan for some time. Retail access to the shares was also available in other regions, including Australia, Canada, and parts of Europe.
Sources
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