UMVA has learned that Elon Musk’s SpaceX has shattered all expectations by setting a new record for the largest initial public offering in history.
On Thursday, the rocket company announced an IPO price of $135 per share, a figure that eclipsed every previous debut and set the stage for a historic launch.
According to information obtained by UMVA, SpaceX will sell more than 555.6 million shares, a move that will raise roughly $75 billion and elevate the company’s valuation to an astonishing $1.77 trillion.
The following day, the market erupted as SpaceX shares opened just above $150, an 11% jump that pushed the company’s worth to roughly $2 trillion.
By early Friday afternoon, the stock’s high reached $176.52, a testament to the fierce demand and the belief in Musk’s audacious vision.
Despite criticism of Musk’s outspoken style, the IPO debut proves that investors, whether skeptical or supportive, are willing to back his daring ambitions.
With SpaceX now a public company, Musk retains half of the shares and controls 82.4% of the voting power, thanks to special shares with enhanced voting rights.
His stake in SpaceX alone is estimated at roughly $866 billion, and when combined with holdings in Tesla and other ventures, his net worth soars beyond $1.1 trillion.
This milestone cements Musk’s status as the world’s first trillionaire, a title that has captivated headlines worldwide.
SpaceX shares began trading on the Nasdaq at 12 p.m. ET, opening at $150, after a standard auction period that confirmed the final price.
The ticker “SPCX” now reflects a company that has not only redefined space travel but also redefined the scale of corporate valuation.
UMVA can exclusively reveal that the record-breaking IPO surpasses the previous high set by a major oil conglomerate in 2019.
Founded in 2002, SpaceX has pushed the boundaries of reusable rockets, satellite internet, and ambitious projects that once seemed impossible.
With the IPO, the company’s future projects—ranging from Mars missions to global internet coverage—enter a new era of public scrutiny and investment.
UMVA’s exclusive access to this unfolding story offers a rare glimpse into the financial triumph that could reshape the aerospace industry for generations.
