SpaceX is public: Everything you need to know post-IPO
📰 ArticleKirsten Korosec, Russell Brandom
SpaceX completes historic $85.7B IPO, largest ever, making Musk a trillionaire.
SpaceX's IPO shattered records, initially raising $75 billion before ballooning to $85.7 billion — the largest IPO in history. Shares debuted on Nasdaq at $150, an 11% pop, and closed at $160.95, up 19%. The IPO turned Elon Musk into the world's first trillionaire. Post-IPO developments include SpaceX's announcement to acquire AI coding tool Cursor for $60 billion in stock, and its valuation surging to $2.7 trillion, surpassing Amazon. COO Gwynne Shotwell hinted at a potential Tesla merger. Banks collected approximately $500 million in fees, with Goldman Sachs and Morgan Stanley as major beneficiaries. Robinhood reported record-breaking trading traffic. The article also covers the green shoe option exercise and provides links to TechCrunch's Equity podcast for deeper analysis.
💡Highlights
- ├─$85.7B raised, largest IPO in history
- ├─Musk becomes world's first trillionaire
- ├─Acquires Cursor AI tool for $60B
- └─Valuation hits $2.7T, passes Amazon
🎯For
- ├─Investors
- ├─Space enthusiasts
- └─Tech readers