SpaceX Lists on Nasdaq at $135 a Share in Record $75 Billion IPO

$75 Billion Offering Sets Record for Largest IPO

Elon Musk-led space company SpaceX listed on the Nasdaq on June 12, shattering records for both IPO proceeds and market value.

SpaceX sold about 550 million existing Class A common shares at $135 apiece, raising $75 billion. The stock trades under the ticker SPCX. The company was valued at $1.77 trillion at the time of the listing.

The previous record holder was Saudi Aramco, which raised $29.4 billion in its IPO and was valued at $1.7 trillion. Bloomberg reported that the offering drew $250 billion of investor demand, four times the target amount.

Founded in 2002, SpaceX is the world's largest space company, operating the reusable Falcon rocket and the Starlink satellite internet service. The company is credited with helping shift the space industry from state-led programs centered on agencies such as NASA to a private-sector model in the so-called new space era.

In February, SpaceX merged with Musk's artificial intelligence company xAI, giving it a business structure spanning space, communications and AI. Musk also became the first executive to lead two listed companies with market capitalizations of more than $1 trillion, alongside Tesla.

Kim In-yup, Silicon Valley correspondent / Kim Dong-hyun, reporter