SpaceX IPO Set to Debut Friday at $135/Share, Raising at Least $75 Billion

According to Fortune Chinese, SpaceX is scheduled to price its IPO on Thursday evening and begin trading on Nasdaq under ticker SPCX on Friday (June 13), marking the largest initial public offering in U.S. history. The company plans to issue over 555 million shares at $135 per share, raising at least $75 billion at a valuation exceeding $1.75 trillion.

BNP Paribas strategist Greg Boutle warned that retail and passive investors may collectively sell approximately $50 billion in other stocks to fund SpaceX purchases, with the risk of a cascade effect if leveraged ETFs and commodity trading advisors join the selloff. He cautioned that the IPO arrives amid the end of Q2, when markets already face over $100 billion in unrelated stock disposals.