SpaceX final IPO share price set, company valued at $1.77 trillion

June 11 (UPI) — The final price for the SpaceX initial public offering has been set at $135 per share, giving the company a $1.77 trillion valuation when it starts trading on Friday.

The company on Thursday said that it had raised $75 billion off the sale of 555.6 million shares, which will be traded on the Nasdaq Composite Index starting on Friday morning, NBC News and the New York Post reported.

SpaceX is set to far surpass the previous record for an IPO, which was set by the oil giant Saudi Aramco at 2019 which raised $29.4 billion when it hit the market, and which will set it up as the seventh-largest company in the United States.

Experts have noted that while most regard SpaceX primarily for its rocket business — which spans from space exploration with NASA to commercial launches for a host of companies and governments — its satellite-based Internet service Starlink and its xAI artificial intelligence unit make it a more diverse investment than some think.

“The world will get its arms around and understand what we’ve been able to follow for a number of years now,” Nueberger Berman senior portfolio manager Dan Hanson told NBC.

Since it’s founding, SpaceX has relied on private investors and fund-raising rounds, on top of its government and private business contracts, to grow, he noted.

“There’s a significant opportunity for them to create value as they execute” the myriad business and technological ambitions the company has aimed itself at.

Some experts and analysts also have suggested, however, that the IPO has been overvalued based on its actual financial reports.

This includes that while the IPO puts the company’s value at $1.7 trillion, it has not yet generated a profit and lost nearly $5 billion on revenue of about about $19 billion in 2025.

Reports have suggested that the IPO has also been oversold by four times the number of shares that are available.

SpaceX said on its website individual investors who have attempted to buy in will find out if they got their shares when they check their brokerage or investing accounts on June 12, when the stock becomes listed.

On top of the IPO’s business implications, the deal will take SpaceX CEO — who will own more than three-quarters of the company’s stock — even closer to being the world’s first trillionaire in history.