SpaceX Prices $75B IPO at $135, Valued at $1.8 Trillion, with Bitcoin Holdings and Solana Token
SpaceX has priced its initial public offering at $135 per share, raising $75 billion in the largest IPO ever, surpassing Saudi Aramco's 2019 record. The fully diluted valuation reaches approximately $1.8 trillion. The company holds 18,712 bitcoin (worth nearly $1.2 billion) as of March 31, and will trade on Nasdaq under ticker SPCX starting Friday. Simultaneously, a tokenized version of SpaceX stock issued on Solana by Backpack will enable onchain trading and redemption, marking a significant convergence of traditional equities and blockchain markets. SpaceX generated roughly $19 billion in revenue last year, driven by launches, government contracts, and Starlink, but has yet to post a net profit. The dual listing tests investor appetite for large-scale tech offerings and the integration of crypto and traditional finance, though critics raise concerns over regulation and market fragmentation.
Key facts
- SpaceX prices IPO at $135, raising $75 billion in largest-ever IPO.
- Fully diluted valuation reaches ~$1.8 trillion.
- Company holds 18,712 BTC (~$1.2 billion) as of March 31.
- Tokenized SpaceX stock issued on Solana by Backpack for onchain trading.
- Stock begins trading on Nasdaq Friday under ticker SPCX.