SpaceX has priced its shares at $135 each in the largest initial public offering ever, raising $75 billion and setting a fully diluted valuation near $1.8 trillion. The stock is set to begin trading on Nasdaq on Friday under the ticker SPCX.
The aerospace company sold 555.6 million shares at the fixed price, according to a Securities and Exchange Commission filing on Thursday. Last year SpaceX generated roughly $19 billion in revenue but has not yet posted a net profit.
Crypto markets have already provided a proxy for the debut, with more than $1 billion in volume flowing through SpaceX-linked perpetual futures contracts over the past three days. The SPCX contract traded near $162 on Thursday, implying a 17 percent premium to the IPO price.
A tokenized version of the shares issued on Solana by Backpack is also set to begin trading on the same day, allowing onchain ownership and redemption. Senator Elizabeth Warren has urged the SEC to delay the listing, citing risks to retail investors and concerns over governance and valuation.
SpaceX holds 18,712 Bitcoin valued at nearly $1.2 billion at current prices.
