SpaceX Raises $75 Billion in IPO, Musk Becomes First Trillionaire

SpaceX raised $75 billion in its initial public offering by selling 555.56 million shares at $135 each. The offering was heavily oversubscribed, with retail investors receiving an unusually large allocation of shares. Elon Musk did not sell any shares in the offering, and his position is now valued at over $866 billion; combined with his Tesla holdings, he has become the world's first trillionaire on paper.

SpaceX Sells 555.56 Million Shares at $135 Each

SpaceX sold 555.56 million shares at $135 per share in the offering. Reports indicate the offering was very oversubscribed. Retail investors were allocated an unusually large number of shares compared to typical IPO distributions.

Musk's SpaceX Position Valued Over $866 Billion

Elon Musk did not sell any shares in the offering. His position in SpaceX is valued at over $866 billion. When his Tesla holdings are added, Musk is now the world's first trillionaire, at least on paper.

SpaceX Trading Expected Friday on Nasdaq Under SPCX

SpaceX is expected to begin trading Friday on the Nasdaq under ticker symbol SPCX. Trading is likely to start several hours after market open.

FAQ

How many shares did SpaceX sell in its IPO?

SpaceX sold 555.56 million shares at $135 each in its initial public offering, raising $75 billion.

Did Elon Musk sell any shares in the SpaceX IPO?

No, Elon Musk did not sell any shares in the offering. His position is valued at over $866 billion, and combined with his Tesla holdings, he is now the world's first trillionaire on paper.

When will SpaceX start trading on the stock market?

SpaceX is expected to begin trading Friday on the Nasdaq under ticker symbol SPCX, likely several hours after market open.