SpaceX is preparing for what analysts expect to be the most valuable public stock listing in history. The space exploration and artificial intelligence company secured $75 billion from financial firms ahead of its planned trading debut on Friday.
In a filing with the US Securities and Exchange Commission, the company priced its initial block of shares at $135 each. That baseline establishes a valuation near $1.8 trillion, positioning it to immediately become one of the most highly valued publicly traded businesses in the world once trading begins on the Nasdaq exchange.
Market expectations
Based on the initial market capitalization, the listing is projected to make chief executive Elon Musk the world's first trillionaire. Global brokerage firm Oppenheimer released an initial target this week, projecting the stock could hit $190 a share once open market trading begins.
The total value will depend on the balance of available shares and the volume of incoming purchase orders. The financial industry is watching the event closely for several specific reasons:
- Retail investors and institutional funds are showing high demand to acquire stakes in the company.
- The listing serves as a test case for other private technology firms with valuations nearing $1 trillion.
- Artificial intelligence developers Anthropic and OpenAI are observing the market response as they prepare for their own expected public offerings likely this year.
The final market price will be determined through an auction in the open stock market when trading officially opens on Friday.
