SpaceX Sets $135 Share Price for a Record Nasdaq Debut

SpaceX is preparing to begin trading on the Nasdaq in an offering that its bankers expect to raise about $75 billion, which would make it the largest initial public offering in history. That would far exceed the previous record, the $29.4 billion raised by Saudi Aramco in 2019.

The company has set a fixed price of $135 a share for an offering of roughly 556.6 million shares, targeting a valuation near $1.75 trillion. Pricing is expected after the market closes on June 11, with the first day of trading set for June 12 under the ticker SPCX.

Euronews reports that demand from European retail investors has been strong, even as analysts caution that newly listed shares often trade with sharp price swings in their first days and that the valuation already assumes years of successful execution on the Starlink satellite business and the Starship launch program.

The timing is notable. The listing comes amid a broader series of large offerings, with OpenAI reported to have filed a confidential prospectus with the Securities and Exchange Commission. A concentration of capital in a small group of highly valued companies is the kind of pattern that analysts in the Austrian-economics tradition associate with the late stage of an easy-money cycle, when investors accept greater risk in search of returns.