Elon Musk’s SpaceX prices shares at $135, raising $75 billion in largest-ever IPO
The company’s fully diluted value will be about $1.8 trillion, with the stock set to open for trade on Friday on the Nasdaq.
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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 just 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.
