SpaceX has officially priced its initial public offering at $135 per share, raising an unprecedented $75 billion. This landmark event establishes the aerospace giant as the sixth-most valuable company globally, with a post-IPO valuation of approximately $1.77 trillion. The stock, trading under the ticker SPCX on the Nasdaq, surpasses all previous records, dwarfing Saudi Aramco’s 2019 listing.
Investor appetite was intense, with demand estimated between $250 billion and $350 billion, oversubscribing the offering by three to five times. Notably, up to 30% of shares were allocated to retail investors, a rare move for a mega-cap debut. Despite reporting $18.7 billion in 2025 revenue and an operating loss of $4 billion to $5 billion, the market has assigned SpaceX a multiple of roughly 95 times its revenue.
The offering carries significant implications for digital asset markets. SpaceX holds a Bitcoin treasury of 18,712 BTC, valued at approximately $1.2 billion. As the company secures fast-track inclusion in major indices like the Nasdaq-100, passive index funds will be forced to purchase SPCX shares, inadvertently providing billions in indirect Bitcoin exposure to traditional equity portfolios. This move further normalizes Bitcoin as a corporate treasury asset alongside firms like MicroStrategy and Tesla.