SpaceX raises $75B in largest US IPO ever; stock surges 20%, making Musk a paper trillionaire
CNBC—SpaceX priced 555 million shares at $135 each, raising $75 billion and surpassing Saudi Aramco's 2019 record to become the biggest IPO in stock market history. Shares opened at $150 and climbed roughly 20 percent on the first full trading day, pushing the company's valuation above $2 trillion and lifting Musk's net worth past $1 trillion on paper. The debut helped restore broader market sentiment after a turbulent week on Wall Street, with SpaceX gaining another 3-6 percent in subsequent premarket sessions. Two additional AI-era mega-IPOs are expected to follow in the near term.
- CNBC — Gained another 3% in premarket after Monday's 20% spike
- Semafor — SpaceX extends its own record-breaking IPO performance in extended trading
- Channel News Asia — SpaceX set to extend its record-breaking stock rally after Wall Street debut
- CNBC — Shares climbed 6% on the second trading day as valuation topped $2 trillion
- Financial Times — Tech — How Wall Street pulled off the biggest IPO in history for SpaceX's debut
- Financial Times — Tech — AI is revolutionizing how the stock market operates and how investors make decisions
- NPR — Business — SpaceX IPO makes history as the largest ever; stock gains 19 percent on first day
- Axios — 555M shares priced at $135; Musk's stake alone valued above $866B
- Semafor — IPO stands to make Musk the world's first trillionaire
- Daily Wire — Opened at $150, topped Saudi Aramco's record, Musk poised to become world's first trillionaire
- Google News Top — SpaceX Stock Began Trading. What’s Ahead for It This Week. - Barron's