SpaceX, Elon Musk’s pioneering spaceflight company, begins trading on the Nasdaq today after the largest initial public offering in history. The company raised $75 billion by selling shares at $135 apiece, giving it a staggering valuation of $1.77 trillion. The IPO, which was heavily oversubscribed, could grow even larger as underwriters have the option to purchase an additional 83.3 million shares, potentially pushing the total proceeds to around $86 billion.
Nasdaq confirmed that trading will officially open at 1:50 p.m. UTC, marking the culmination of years of speculation about a public listing. The debut transforms SpaceX from a privately held entity accessible mainly to institutional investors into a publicly traded stock available to retail traders. The listing comes amid robust appetite for high-growth technology and space-related equities, and its sheer size is expected to reverberate across global financial markets.
Earlier private funding rounds had previously valued SpaceX in the range of $150 billion to $200 billion, but the final IPO price far exceeded those estimates. Analysts attribute the premium to the company’s diversified revenue streams — spanning satellite launches, the Starlink internet constellation, and NASA contracts — as well as its dominant position in the commercial aerospace sector. Despite the excitement, experts caution that the company remains capital‑intensive and subject to the inherent risks of space exploration, which could introduce early trading volatility.
