Elon Musk’s SpaceX is set to begin trading on the Nasdaq exchange on Friday following what is expected to be the largest initial public offering (IPO) in history.
According to a filing with the United States markets regulator on Thursday, the company priced more than 555 million shares at $135 each, giving SpaceX a valuation of just under $1.8 trillion.
The valuation places the company among the top 10 most valuable firms on Wall Street, ahead of major corporations including Tesla, Meta Platforms, and Walmart.
The IPO is expected to raise more than $75 billion, surpassing the previous record set by Saudi Aramco, which raised $29.4 billion during its market debut in 2019.
The offering could grow even larger if options covering nearly 83 million additional shares are fully exercised. In that scenario, total proceeds could exceed $86 billion.
Founded in 2002 by Elon Musk and a group of entrepreneurs, SpaceX has evolved from a rocket startup into one of the world’s leading aerospace and satellite communications companies.
Over the years, the company has expanded its operations beyond launch services and space exploration. It has also integrated Musk’s artificial intelligence venture, xAI, which includes the social media platform X, formerly known as Twitter.
The combined business is expected to trade under the ticker symbol “SPCX.”
Market analysts and investors will be closely watching the stock’s debut to assess investor appetite for one of the most highly anticipated public offerings in recent years.
The listing is also expected to further strengthen Musk’s position among the world’s wealthiest individuals, while potentially reshaping the landscape of global technology and aerospace markets.
With its Nasdaq debut, SpaceX is poised to become one of the most closely watched companies on Wall Street as investors evaluate its long-term growth prospects in space technology, artificial intelligence, and digital communications.
