SpaceX makes history with a record-breaking $75 Billion IPO

Elon Musk’s space company has completed the largest initial public offering ever recorded in the United States. Priced at $135 per share, the offering values SpaceX at approximately $1.77 trillion and propels its founder to the rank of the first theoretical “trillionaire” in history.

SpaceX has reached a historic milestone by finalizing its initial public offering at $135 per share. The deal allowed the company to raise $75 billion through the sale of 555.6 million shares, making it the largest IPO ever conducted in the United States.

This IPO gives the group founded by Elon Musk a valuation of approximately $1.77 trillion. Upon its market debut, SpaceX thus joins the very exclusive circle of the world’s most valuable companies.

Massive investor enthusiasm

The offering marked a departure from traditional Wall Street practices : unlike the usual practice of setting the final price after a roadshow with investors, SpaceX announced a single price of $135 per share at the start of the process and maintained that price until the offering’s completion.

This IPO has also generated considerable interest from financial markets. According to Reuters, investor demand far exceeded the amount the company was seeking. A few days before the final price was set, orders already totaled approximately $150 billion, nearly double the targeted funds.

Public appetite was also remarkable, as retail investors placed over $70 billion in buy orders—an exceptional level for a transaction of this scale.

Elon Musk becomes the first “trillionaire”

The most spectacular consequence of this IPO undoubtedly concerns Elon Musk’s personal fortune. Thanks to SpaceX’s valuation, the CEO’s stake in the company is estimated at approximately $866 billion.

When his other assets are added, particularly his stake in Tesla, his fortune would now exceed $1.1 trillion. Elon Musk thus becomes the first individual to cross, at least theoretically, the $1 trillion threshold.

However, this fortune remains largely tied to the value of his stock holdings and does not correspond to his immediately available cash. It therefore remains heavily dependent on future financial market trends.

A valuation that raises questions

While investor enthusiasm is evident, some observers are questioning the level reached by SpaceX’s valuation. Reuters notes that the company benefits from an “Elon premium”—a premium granted by the markets due to confidence in its founder’s ability to transform entire industries, as he has already done with Tesla.

This valuation also rests on activities whose long-term commercial potential remains partly to be proven. Investors are banking in particular on the development of next-generation space technologies, the Starlink satellite network, and potential synergies with artificial intelligence projects.

Despite this, this IPO could mark a turning point for Wall Street. With a valuation nearing $1.77 trillion upon its market debut, the offering is redefining standards in U.S. markets: investors are now awaiting the stock’s first trades on the Nasdaq to gauge whether the observed enthusiasm will translate into sustained gains in the share price.