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SpaceX is public: Everything you need to know post-IPO
SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches and the rise of its Starlink satellite network, and, of course, for its founder and CEO Elon Musk.
But in its 24-year history, nothing quite compared to its initial public offering. Everyone seemed interested — perhaps because of the sheer size of the IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history and turning Musk into the world’s first trillionaire. That total raised figure would end up ballooning to $85.7 billion raised.
TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. And we’re here for what happens next too. Here is your go-to landing page for all the relevant SpaceX IPO news, including notable updates now that the company is public.
SpaceX to acquire Cursor for $60B in stock: The deal was announced just days after the IPO.
SpaceX passes Amazon as valuation balloons to $2.7T: SpaceX became the fifth-most valuable company in the world, after its stock price climbed 20% on June 15 and more than 8% in early trading Tuesday.
SpaceX’s historic IPO just got supersized: The largest IPO in history grew to $85.7 billion raised.
SpaceX shares opened June 12 at $150 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history. And it has continued to rise. The shares kept rising too. In midday trading, SpaceX shares soared 30%. SpaceX shares closed at $160.95, up 19%.
There has been heavy trading volume, as expected. Robinhood said it has seen “record-breaking traffic” on its trading platform in the hours after SpaceX’s historic public markets debut.
SpaceX COO Gwynne Shotwell was interviewed by CNBC on June 12, and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders: A “merger between SpaceX and Tesla might make Elon’s life a little easier.”
Among the winners are the banks, which have brought in about $500 million in total fees. The big winners are Goldman Sachs and Morgan Stanley, per the Wall Street Journal.