SpaceX Prices IPO at $135, Raising $75 Billion in Record Offering

SpaceX priced its initial public offering at $135 per share, raising $75 billion in what CoinDesk described as the largest IPO ever. The Elon Musk-led aerospace and satellite company sold 555.6 million shares and is expected to begin trading on Nasdaq under the ticker SPCX.

The offering gives public investors their first direct opportunity to buy SpaceX shares, while placing the company in the market with a fully diluted valuation of roughly $1.8 trillion. That scale makes the debut a major test for demand around large technology listings, especially for a company tied to launches, government contracts and the Starlink satellite internet business.

For crypto markets, the listing is notable because SpaceX holds a significant bitcoin position. CoinDesk reported that the company held 18,712 BTC as of March 31, valued at just under $1.2 billion based on bitcoin’s price around the time of publication.

The public listing could give equity investors indirect exposure to those bitcoin holdings through SpaceX shares. CoinDesk also noted that the company’s bitcoin position has drawn attention alongside reports that Musk has explored combining SpaceX with Tesla, which also holds bitcoin on its balance sheet.

SpaceX shares are also set to have a tokenized version issued by Backpack on Solana-based infrastructure. According to the report, the token represents ownership of underlying SpaceX shares and can be redeemed through Backpack’s brokerage platform, making the debut a closely watched example of the overlap between traditional equities and blockchain markets.