SpaceX IPO Rewrites Wall Street’s Record Book
SpaceX began public trading after pricing a record-setting $75 billion initial public offering, putting one of the world’s most closely watched private companies under the daily judgment of public markets.
The offering valued SpaceX at roughly $1.77 trillion, a level that immediately placed the company among the most valuable public firms in the United States. The scale of the deal, the retail-investor demand and Elon Musk’s unusual control over the process made the debut more than a conventional stock listing.
The question now shifts from scarcity to performance. SpaceX enters the market with Starlink, reusable rockets and enormous investor enthusiasm, but also with heavy capital needs, government-contract exposure and expectations that may be difficult for any company to satisfy.
