SpaceX on track for record $1.8 trillion stock market debut

SpaceX has raised $75 billion ahead of its Friday public listing, setting the stage for what could be the most valuable stock market debut in history.

The space exploration and AI firm sold shares at $135 each, giving it an expected initial valuation of nearly $1.8 trillion. At that level, CEO Elon Musk already the world’s richest person would become the first trillionaire.

SpaceX is initially offering only 5% of its total shares. Trading prices will depend on investor demand. Some analysts are bullish: Oppenheimer expects the stock to hit $190 per share.

Among those planning to buy is Peta Cooper, a copywriter from Cornwall, who will invest about £750. “It’s really exciting. SpaceX has had a great track record,” she said.

If shares hold at or above $135 at Friday’s opening, SpaceX will instantly rank among the world’s most valuable public companies.