SpaceX has priced its shares at $135, according to a filing with the US Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years.
The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily topping Saudi Aramco’s $30 billion in 2019.
The Elon Musk-led aerospace and satellite company is expected to begin trading on Nasdaq on Friday under the ticker SPCX, giving public investors their first opportunity to buy shares. Based on the offering price, SpaceX will enter the public markets at a fully diluted valuation of about $1.8 trillion.
The valuation is expensive, as SpaceX produced about $19 billion in revenue last year, fueled by launches, government contracts and its fast-growing Starlink satellite Internet business.
Also notable is the company’s substantial bitcoin holdings. SpaceX had 18,712 bitcoin per March 31. That would be valued at just under $1.2 billion at BTC’s current price of around $63,500.
