SpaceX prices IPO at $135 per share, projecting a record $75 billion debut - Cryptopolitan

Crypto Insight Summary: Photo by [Sven Piper](https://unsplash.com/@svenpiper?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash) on [Unsplash](https://unsplash.com/photos/a-building-with-a-sign-that-says-spacex-on-it-z4El4WAsF8w?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash). * SpaceX priced its IPO at $135 per share on Thursday, raising $75 billion and earning a $1.77 trillion valuation in the largest U.S. * The offering matters to retail investors, who were allocated an unusually large 30% of shares. * SpaceX’s debut could set the tone for a record year in IPO activity that also includes OpenAI and Anthropic. SpaceX has currently sold 555.56 million shares and will begin trading on the Nasdaq on Friday. Musk also reserved roughly 30% of shares for individual retail investors, far above the typical 10% allocation usually given to this section of investors, according to NBC News. Edward Best, co-chair of the capital markets practice at Willkie Farr & Gallagher, told NBC that the figure was “actually quite high” and [attributed](https://www.nbcnews.com/business/business-news/spacex-ipo-trading-price-rcna349225) it in part to Musk’s personal interest in individual buyers. Retail demand appears to have validated Elon’s bet, as Forbes reported that regular investors placed more than $100 billion in orders for SpaceX shares, far exceeding the available supply set aside. After the IPO, Musk will retain 82% control of the tech company, according to Reuters. With the intended valuation of $1.77 trillion, SpaceX will rank seventh among U.S.-listed companies when trading opens on its stock market debut, ahead of JPMorgan Chase, Meta Platforms, and Musk’s own Tesla. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: SpaceX IPO may attract retail liquidity but unlikely to significantly impact crypto markets.