SpaceX goes public: $75B IPO makes Musk first trillionaire
Shares surged 19% on debut, with 4,400 employees becoming millionaires.
Deep Dive
SpaceX completed the largest IPO in history, pricing 555.6M shares at $135 to raise $75B. On its Nasdaq debut, shares closed at $160.95, up 19%. The offering made Elon Musk the world’s first trillionaire. According to the NYT, 4,400 SpaceX employees could become millionaires. Goldman Sachs and Morgan Stanley were among the banks that brought in about $500 million in total fees. COO Gwynne Shotwell said a “merger between SpaceX and Tesla might make Elon’s life a little easier.”
Key Points
- SpaceX raised $75B by selling 555.6M shares at $135, the largest IPO ever
- Stock closed first day at $160.95 (+19%) with intraday peak of 30%
- Elon Musk became first trillionaire; 4,400 employees became millionaires
Why It Matters
SpaceX's public listing opens space industry to retail investors, fueling Starlink and Mars ambitions.