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Elon Musk’s SpaceX raises $75bn in world’s biggest IPO

Rockets-to-AI group priced its shares at $135 in deal that drew blockbuster investor demand

SpaceX has raised $75bn in a record-breaking initial public offering, propelling Elon Musk’s AI-to-rockets group into the ranks of America’s biggest listed companies amid blockbuster investor demand.

The group priced its 555.6mn shares at $135 a piece, according to a US regulatory filing on Thursday afternoon.

The rockets, satellites and AI group’s total fundraising could rise to $86bn with a $1.78tn valuation if underwriters exercise a so-called greenshoe option to sell additional shares after trading starts on Friday.

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