SpaceX officially launches onto stock market in historic IPO

SpaceX has officially launched onto the stock market, marking what is considered the largest IPO in history. The company's shares began trading on Wall Street after completing its initial public offering, a significant milestone for the aerospace giant.

During the event at Starbase, Texas, billionaire Elon Musk reiterated SpaceX's ambitious goals, stating, "SpaceX wants to take you to the Moon, to Mars, and ultimately beyond. I believe that with the great team at SpaceX, we will achieve that."

According to filings with the U.S. Securities and Exchange Commission, SpaceX offered over 555 million shares at $135 per share. This pricing values the company at nearly $1.8 trillion, positioning it among the top 10 most valuable companies on Wall Street, surpassing even Tesla, Meta, and Walmart. If additional options are exercised, the deal could exceed $86 billion.

Investor demand for SpaceX shares significantly outstripped the supply, with subscription requests reportedly more than four times the number of shares offered. This strong interest underscores the market's confidence in SpaceX's future, despite some investors expressing caution regarding the current valuation. Much of SpaceX's worth is tied to Elon Musk's unproven and not-yet-commercialized technologies for ambitious projects like building space data centers or colonizing Mars. The company's future also hinges on the expansion of its Starlink satellite internet service and the development of xAI, its artificial intelligence venture.

“

SpaceX wants to take you to the Moon, to Mars, and ultimately beyond. I believe that with the great team at SpaceX, we will achieve that.