Skip to content

SpaceX Completes The Biggest IPO Ever, Listing Today

The rocket maker raised about 75 billion dollars and debuts on the Nasdaq into a suddenly friendlier, risk-on market.

SpaceX priced the largest initial public offering on record and is set to begin trading on the Nasdaq Friday under the ticker SPCX. The company raised about 75 billion dollars at 135 dollars a share, a valuation near 1.77 trillion that ranks it among the most valuable in the country.

The timing turned fortunate, as Thursday's deal optimism flipped a fearful market into a buying mood just before the debut.

A thin free float and the year's wild swings could still make the first sessions volatile.

Sources: Bloomberg, CNBC.

Related: Infographic

Comments

Latest