Musk’s SpaceX raises $75bn in world’s biggest IPO
Financial Times 2026-06-11 19:45:17
Context: SpaceX, a leading private aerospace manufacturer and space transport services company founded by Elon Musk, has made headlines with its highly anticipated initial public offering (IPO). The company, which has been at the forefront of space exploration and development, has set a new record in the world's largest IPO. This move marks a significant milestone in the company's history and is expected to have far-reaching implications for the space industry and the financial markets.
Key Facts
- SpaceX has raised $75 billion in the world's biggest IPO, with the company pricing its 555.6 million shares at $135 per piece ahead of its highly anticipated Wall Street debut. The IPO, which is a major milestone for the company, has been highly anticipated by investors and industry experts alike, with many expecting the company to list on the New York Stock Exchange (NYSE) under the ticker symbol "SPACE". The successful pricing of the shares marks a significant achievement for the company, which has been working towards this goal for several years. The $75 billion raised in the IPO is a record-breaking amount, surpassing the previous record held by Saudi Aramco's IPO in 2019.