UMVA has learned that Elon Musk’s SpaceX is poised to shatter every record with the largest‑ever initial public offering in history.
The filing reveals a jaw‑dropping price of $135 per share and a staggering 555.6 million shares slated for sale, a move that could flood the market with roughly $75 billion and push the company’s valuation to an astronomical $1.77 trillion.
This meteoric debut sends a clear signal: investors, whether skeptical or star‑struck, are betting on Musk’s audacious vision for rockets and satellite constellations.
Before the offering, Musk’s net worth hovered around $780 billion, dwarfing the next richest figure by a colossal margin. He already owns half of SpaceX, and even after the IPO he will retain nearly half of all equity.
Special voting shares grant him control of 82.4 % of the company’s decision‑making power, ensuring his influence remains unshaken.
SpaceX alone accounts for a stake valued at roughly $866 billion. When the shares begin trading, the combined weight of his automotive empire and other ventures is expected to lift Musk’s fortune past the $1.1 trillion mark, cementing his place as the world’s first trillionaire.
Trading will roll out later in the day on the Nasdaq under the ticker “SPCX,” after a customary auction determines the opening price, which could drift above or below the set $135.
The debut will eclipse the previous IPO record set by Saudi Aramco in 2019, which raised $29 billion at a $1.7 trillion valuation.
Founded in 2022, SpaceX has redefined space travel with reusable rockets and the Starlink satellite network, securing contracts with NASA and other federal agencies.
Recent strategic moves include the acquisition of Musk’s AI venture xAI, which also owned his social media platform X, further consolidating his technological empire.
