Elon Musk’s company, SpaceX, has created history by launching the world’s largest IPO. With the launch of this IPO, Musk has become the world’s first trillionaire. Notably, only about 20 countries in the world have a GDP (Gross Domestic Product) exceeding USD 1 trillion. The SpaceX IPO raised USD 75 billion, surpassing the record of USD 29.4 billion set by Saudi Aramco in 2019. SpaceX has issued 555.6 million shares at a price of USD 135 per share.ย
SpaceX’s valuation has reached USD 1.77 trillionย
Based on the IPO price, SpaceX’s market cap is estimated at USD 1.77 trillion, while its total valuation stands at approximately USD 1.8 trillion when stock options and other equity stakes are included.
With this valuation, SpaceX has joined the ranks of the world’s largest public companies, and its size has surpassed that of Elon Musk’s other company, Tesla.
The IPO received an overwhelming response, with demand four times the number of shares available. Retail investors placed orders worth over USD 100 billion, even though only 20 per cent of the shares were reserved for them. Analysts believe that Musk’s popularity and investor enthusiasm for the AI sector are the primary drivers of this massive demand.
SpaceX is making a new move into AI and space
SpaceX is no longer just a rocket-launch and satellite-internet company. It is positioning itself as an AI infrastructure giant. The company claims that it could, in the future, establish data centres in space and robotic factories on the Moon. Major deals involving SpaceX’s AI data centres and computing infrastructure are expected to become a key source of revenue.
Analysts say that by pioneering reusable rockets, SpaceX has established a clear lead on competitors such as Blue Origin, led by Amazon founder Jeff Bezos. The Starlink satellite business competes with, among others, AST SpaceMobile, which is relying on a SpaceX rocket to send its latest generation of satellites into orbit next week.
A New Wave of AI IPOs
Following SpaceX, other major companies in the AI โโsector are also preparing to enter the stock market. There is talk of Anthropic and OpenAI launching IPOs this year as well, with potential valuations exceeding USD 1 trillion.
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