The offering has triggered intense market demand, with Bloomberg reporting interest exceeding available shares by fourfold. This enthusiasm stems from the company's dominance in the aerospace sector, where it currently executes 82 percent of all US launches and commands nearly half of the global commercial market. Its Starlink division further bolsters this valuation, having surpassed 10 million subscribers earlier this year.
SpaceX Hits Nasdaq in Record-Breaking Public Offering
SpaceX began trading on the Nasdaq under the ticker SPCX this June 12, opening at $135 per share in a move aimed at raising $75 billion. This historic debut marks the largest public offering ever, positioning Elon Musk to secure 85 percent of voting control and move closer to becoming the world's first trillionaire.
Investors are buying into a complex corporate structure following the recent merger with xAI, which encompasses Musk’s social media platform, X.com. This consolidation, formalized in a May S-1 filing with the SEC, pushed the company’s valuation to $1.25 trillion. While the scale of the IPO is unprecedented, the concentrated voting power and the high entry price reflect the unique risks and ambitions inherent in Musk's consolidated tech empire.
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