SpaceX IPO raises $75 billion at $135 per share

TL;DR

• SpaceX raised $75 billion in an initial public offering by pricing 555.6 million shares at $135 each.
• SpaceX granted underwriters a 30-day option to buy 83 million additional shares, which could increase proceeds to $86 billion.
• The filing implied a $1.78 trillion valuation, and trading was set to begin later the same day on Nasdaq.

SpaceX raised $75 billion in an initial public offering on the day of pricing, selling 555.6 million shares at $135 each, with trading set to begin later that day on the Nasdaq stock exchange.

SpaceX stated in a filing that it granted underwriters a 30-day option to purchase an additional 83 million shares. If fully exercised, that option would increase total fundraising to $86 billion and imply a $1.78 trillion valuation.

Financial Times reported that orders were more than three times the shares on offer. The report said individual investors placed orders for more than $100 billion and were expected to receive about 20 per cent to 25 per cent of the shares sold. Mobile World Live reported that SpaceX plans to use the proceeds for AI data centres in space, new satellite constellations for Starlink, and debt reduction after taking a $20 billion bridging loan in March.

Related questions

• How many shares did SpaceX sell in its IPO?
• What was SpaceX's IPO share price?
• How much could SpaceX raise if underwriters exercise their option?
• What valuation did the IPO imply for SpaceX?
• What did SpaceX say it would do with the IPO proceeds?