SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years.
The company sold 555.6 million shares at that price, raising $75 billion, making it the largest initial public offering in history, easily surpassing Saudi Aramco’s $30 billion in 2019.
The Elon Musk-led aerospace and satellite company is expected to begin trading on Nasdaq on Friday under the symbol SPCX, giving public investors their first opportunity to buy shares. Based on the offering price, SpaceX will enter the public markets at a fully diluted valuation of approximately $1.8 trillion.
The valuation is expensive, given that SpaceX generated about $19 billion in revenue last year, driven by launches, government contracts and its rapidly growing Starlink satellite internet business.
Also notable is the company’s considerable bitcoin. holdings. SpaceX had 18,712 bitcoins as of March 31. That would be valued at just under $1.2 billion at the current BTC price of around $63,500.
