All you need to know about the SpaceX IPO
- Largest IPO in history:
@SpaceX set its IPO price at $135 per share, raising $74.4 billion and exceeding Saudi Aramco's 2019 record for both valuation and money raised
- Record $1.77 trillion valuation: The offering places
@elonmusk's rocket maker at $1.77 trillion, a 40% increase from its February self-assessed valuation of $1.25 trillion
- June 12, 2026 Nasdaq debut: Trading will begin next week on the
@Nasdaq Exchange under the ticker symbol SPCX
- No traditional Wall Street roadshow: SpaceX fixed its price directly without the typical Wall Street price discovery process using roadshows
- Goldman Sachs and Morgan Stanley lead: The official prospectus lists
@GoldmanSachs as the lead organizer, followed by
@MorganStanley among major Wall Street underwriters
- Musk share restrictions: Filings indicate Elon Musk is restricted from selling some SpaceX shares until the company meets certain operational benchmarks
- Accelerated timeline: SpaceX accelerated its IPO timeline from the original June 18-30 estimate to June 12, releasing its prospectus publicly
- Kraken's SpaceX offering sold out instantly:
@krakenfx launched pre-IPO SpaceX shares and sold $100 million in allocation within just 15 minutes, with their entire offering fully allocated in under 2 hours to crypto-native investors
- AI funding driver: The IPO aims to fund Musk's orbital AI ambitions and help compete xAI against rivals, pivoting the rocket maker toward artificial intelligence
- 180-day lockup period: Insiders and early investors face an 180-day lockup ending between December 15-27, 2026, before they can sell shares
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