SpaceX (SPCX) raises $75 billion in largest-ever IPO

SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years.

The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily topping Saudi Aramco’s $30 billion in 2019.

The Elon Musk-led aerospace and satellite company is expected to begin trading on Nasdaq on Thursday under the ticker SPCX, giving public investors their first opportunity to buy shares. Based on the offering price, SpaceX will enter the public markets with a fully-diluted valuation of roughly $1.8 trillion.

The valuation is a pricey one, given SpaceX produced roughly $19 billion in revenue last year, driven by launches, government contracts and its rapidly growing Starlink satellite internet business.

Also notable is the company’s sizable bitcoin BTC$63,467.99 holdings. SpaceX held 18,712 bitcoin as of March 31. That would be valued at just under $1.2 billion at BTC’s current price around $63,500.