SpaceX raises $75 billion in record-setting IPO ahead of Nasdaq debut
The company awaits its debut on the Nasdaq, surpassing the previous record held by Saudi Aramco.
SpaceX has executed the largest initial public offering in history, raising $75 billion through the sale of 555.6 shares at a price of $135 each. The transaction, which surpasses the previous record held by Saudi Aramco, positions the aerospace manufacturer for its imminent debut on the Nasdaq stock exchange.
Prior to the final closing of the offering, the company had attracted approximately $70 billion in orders with a projected valuation of nearly $1.8 trillion. The allocation structure included 20 percent of shares designated for retail investors, reflecting a broad-based interest in the high-profile listing.
The IPO unfolded against a backdrop of positive sentiment in US equity markets. On the day preceding the debut, major indices posted gains, with the Dow Jones Industrial Average rising 0.8 per cent, the S&P 500 climbing 0.3 per cent, and the Nasdaq Composite increasing by 0.2 per cent.
Market activity was further influenced by corporate earnings and geopolitical developments. Intel reported strong fiscal 2026 first-quarter earnings, while Amazon recorded a 12 per cent year-on-year revenue increase in its fourth quarter of fiscal 2025. Concurrently, US President Donald Trump and Chinese President Xi Jinping commenced a two-day summit in Beijing, focusing on trade, artificial intelligence, and tensions regarding Iran.
Nvidia shares also saw upward movement, surging more than 2 per cent following news that the US approved H200 chip sales to Chinese firms. As SpaceX prepares to begin trading, the market watches closely to see how the historic capital raise impacts the broader technology and aerospace sectors.
