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Elon Musk's SpaceX prices shares at $135, raising $75 billion in largest-ever IPO

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SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years.

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Summary

SpaceX (SPCX) has priced its initial public offering at $135 a share, implying a valuation of nearly $1.8 trillion. The company, which generated roughly $19 billion in revenue last year but has yet to post a net profit, has sizable bitcoin holdings of 18,712 BTC valued at under $1.2 billion at current prices. Alongside its Nasdaq debut, a tokenized version of SpaceX stock issued on Solana by Backpack will enable onchain trading and redemption of the underlying shares, testing investor appetite for the convergence of traditional equities and blockchain markets. SpaceX has priced its shares at $135, according to a filing with the U.S. The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily topping Saudi Aramco's $30 billion in 2019.

#SpaceX #Elon Musk #Bitcoin #Starlink