SpaceX Sets New IPO Record with Stellar $1.77 Trillion Valuation

SpaceX’s IPO set a new U.S. record, pricing at $135 per share and raising $75 billion. This positions Elon Musk's company with a $1.77 trillion valuation, surpassing previous records. Despite losses, experts question its valuation as it starts trading on Nasdaq. The offering emphasizes retail participation and supports growth ambitions.

SpaceX, led by visionary Elon Musk, triumphed with the largest ever U.S. IPO on Thursday, setting a new benchmark at $135 per share. The company raised $75 billion through the sale of 555.56 million shares, leading to a groundbreaking $1.77 trillion valuation.

This astronomical valuation ranks SpaceX seventh among U.S.-listed firms when its shares begin trading on Nasdaq. Despite its substantial valuation, SpaceX reported losses last year, and some industry analysts are skeptical of its lofty valuations, particularly as other mega-cap firms have significantly higher revenues.

Retail investors showed significant interest, and the IPO marks a rebound for the U.S. IPO market. SpaceX's continued growth strategy includes a multiyear cloud services deal with Google, indicating a robust plan to expand both its space and AI operations.