🚀 $SPCX went public on Friday under the ticker $SPCX and immediately pulled off the largest IPO in history. The company sold more than 555 million shares at an offering price of $135, raising about $75 billion. The previous record was held by Saudi Aramco in 2019 at around $25 billion, so SpaceX surpassed it by roughly three times.

📈 The stock opened at $150, rose during the day to as high as $176.52, and closed at $160.95, a gain of 19%. The company's market value thus topped $2 trillion, at one point even exceeding $2.25 trillion. Thanks to this, Elon Musk became, according to Forbes, the world's first trillionaire with a fortune of about $1.2 trillion. 💰

🛰️ In addition to rockets, SpaceX also runs the satellite division Starlink and a division focused on AI and data centers. In February the company bought Musk's AI firm xAI, which includes the X platform and the chatbot Grok. Interest in the IPO was enormous—according to Bloomberg, retail orders exceeded $100 billion. SpaceX is not yet profitable and reported revenues of around $19 billion over the past year.

🔮 SpaceX is also the first of the expected major AI-linked IPOs; in the coming months OpenAI and Anthropic are also expected to go public. The company is furthermore expected to be added to the Nasdaq 100 index just 15 trading days after its debut.