This monumental event gives the aerospace company a total valuation of approximately $1.8 trillion, with trading set to commence on Nasdaq this Friday under the ticker SPCX.
In its filing with the U.S. Securities and Exchange Commission, SpaceX disclosed the issuance of 555.6 million shares at this price. This eclipses the previous record held by Saudi Aramco, which raised $30 billion in its 2019 IPO.
Despite generating around $19 billion in revenue last year primarily from satellite launches and government contracts, SpaceX has yet to achieve net profitability. The company also holds significant assets in bitcoin, owning 18,712 BTC valued at nearly $1.2 billion based on current market prices.
In a groundbreaking move, SpaceX shares will also be available in a tokenized format on the Solana blockchain, allowing for on-chain trading through Backpack. This innovative approach aims to bridge traditional stock trading and blockchain technology, enhancing accessibility for global investors while addressing concerns about regulation and market fragmentation.
