SpaceX raises £56bn ahead of biggest ever IPO

SpaceX has priced its IPO at $135 per share, selling 555.6 million shares and valuing the company at about $1.77 trillion when trading begins. The deal is set to debut on Nasdaq after a roughly $75 billion float that aims to be the biggest in history. In the UK, 2.7 million shares were pre-allocated to British retail investors, with demand global exceeding $100 billion and allocations heavily oversubscribed. Analysts warn the listing could still be volatile, given SpaceX’s profitability profile and high expectations. Retail investors accounted for a meaningful share of buyers, with many allocations scaled for the larger orders. Musk’s profile and SpaceX’s ambitions reinforce the stakes of this debut.

The debut could reshape market sentiment for mega‑cap tech flotations and space‑themed growth plays, though profitability questions remain a concern for investors evaluating the risk-reward of this landmark IPO.