SpaceX Completes Historic IPO, Becomes World's Most Valuable Company
TechCrunch has followed SpaceX's start, struggles, and successes from the early days. And we're here for what happens next too. This package of SpaceX IPO coverage includes who stands to win (and maybe some who won't), pre-IPO deals, and what's tucked inside its S-1 registration document.
SpaceX has successfully completed its initial public offering (IPO), raising $85.7 billion and becoming the largest IPO in history. The company priced 555.6 million shares at $135 each, propelling founder Elon Musk to trillionaire status. Following the IPO, SpaceX's valuation surged to $2.7 trillion, making it the fifth most valuable company globally. The stock experienced significant trading volume, with Robinhood reporting record traffic. Investment banks earned approximately $500 million in fees. SpaceX also announced its intention to acquire AI company Cursor for $60 billion in stock. The company's successful public debut reflects strong investor confidence in its future growth and innovation.
SpaceX's historic IPO and subsequent valuation underscore its significant impact on the aerospace and technology sectors.
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