SpaceX has set its initial public offering price at $135 per share, raising a total of $75 billion and implying a valuation of approximately $1.8 trillion. This marks a new record for IPO size, and the market will now focus on its performance following official trading.
Subscription amount exceeded $250 billion
According to reports, the subscription demand for this offering exceeded $250 billion, approximately four times the offering size, indicating strong interest from both institutional and retail investors.
In this offering, SpaceX plans to allocate up to 30% of its shares to retail investors—a higher-than-usual proportion for a large IPO, enabling more individual investors to participate.
Pre-listing valuation discrepancies emerge
Before the stock began trading, New Street Research set a target price of $165 per share, indicating that some institutional investors hold a more positive outlook on its future performance.
However, investor Jim Chanos has questioned the transaction, arguing that the current pricing is based more on future expectations than on proven operational results.
First-day trading performance draws attention
With the offering completed, investors will next focus on the stock’s price performance after it begins trading. For such a massive IPO, first-day trading volume and price volatility will be key areas of market attention.