SpaceX raised $75 billion through an IPO priced at $135 per share, marking the largest public offering in the company’s history. The shares are expected to begin trading on Nasdaq during the day.
This pricing valued the company at $1.77 trillion, making SpaceX the seventh most valuable company in the United States.
The strong interest generated by the IPO was reflected in the allocation to retail investors, although the retail portion remained in the low twenties, below expectations.
This indicates that institutional investors showed intense demand for the shares. The offering, considered one of the hottest IPOs, saw fierce competition among investors for access.
SpaceX’s public listing also resulted in significant gains for early investors. Ron Baron, Cathie Wood’s Ark Invest, and Fidelity Investments were among the main beneficiaries.
On the day of the transaction, global stock markets also showed an upward trend. US futures were preparing for a positive open following the rally on Wall Street the previous day.
Optimism in the markets was also influenced by Washington’s shift in stance on Iran. US President Donald Trump said a deal with Iran could be signed within the next few days.
Previously, Trump had warned of a harsh response to Iran, including targeting oil infrastructure such as Kharg Island. However, in a later Oval Office statement, he said a "major agreement" had been reached to resolve the conflict, and the deal could be signed once documents are finalized.
Trump added that the signing could happen this weekend and that JD Vance might oversee the process. Markets are closely watching both SpaceX’s record IPO and the diplomatic developments in the Middle East for their impact on investor appetite.
