A video screenshot taken from a post on the official Nasdaq account (@Nasdaq) shows Elon Musk during the SpaceX IPO. EFE/@Nasdaq
New York, June 12 (EFE) – Aerospace company SpaceX debuted on Wall Street’s Nasdaq index this Friday at a price of $150 per share, representing an increase of approximately 11% compared to the price set in its initial public offering (IPO) of $135 per share.
The company, owned by magnate Elon Musk, structured its IPO with 555.6 million shares, raising around $75 billion in what is already considered the largest initial public offering in history, surpassing the record set in 2019 by Saudi oil company Aramco, which raised $25.6 billion.
In the early stages of trading, the stock price showed volatility, and around 12:00 PM New York time (4:00 PM GMT), shares were trading at around $166, bringing the cumulative increase to approximately 23% since the IPO price.
This would place the company’s market capitalization at around $2.2 trillion.
With this valuation, the company joins the ranks of the largest publicly traded companies in the United States, dominated by tech giants, behind Nvidia, Alphabet, Apple, Microsoft, and Amazon.
However, the price was lower than some pre-IPO predictions, which had estimated it could reach $175 per share.
With this transaction, Musk becomes the first person in the world with a net worth of one trillion dollars.
The automotive company Tesla, where Musk is also CEO, is also listed on the Nasdaq.
The magnate followed his aerospace company’s IPO from Texas, while SpaceX CEO Gwynne Shotwell watched from Nasdaq’s offices in New York. They both rang the opening bell.
SpaceX is the first of a group of major AI-related companies to go public, led by Anthropic (privately valued at $965 billion), OpenAI ($850 billion), both expected to go public this year, and Perplexity ($20 billion), slated to do so in 2028.
The company’s positive reception underscores investor confidence in Big Tech and the evolution of AI.
