SpaceX set for record $75B Nasdaq IPO at $135 per share

SpaceX is poised to make history with a landmark Nasdaq listing on Friday, according to reports. The offering prices shares at $135 each, valuing the combined entity—which encompasses SpaceX, Musk's artificial intelligence venture xAI, and the social media platform X—at near $1.8 trillion. The IPO is expected to raise approximately $75 billion, establishing it as the largest initial public offering on record. Reports indicate the offering has attracted substantial investor demand and remains significantly oversubscribed. A notable portion of shares has been reserved for retail investors, expanding participation beyond institutional buyers.

This listing carries broad implications for equity markets and investor sentiment. Record-breaking IPOs typically signal confidence in growth-oriented sectors, particularly aerospace, artificial intelligence, and technology infrastructure. The oversubscription suggests strong appetite for mega-cap tech and space-related ventures, potentially influencing capital flows into comparable growth stocks and away from traditional value positions. For the Indian market, such major global IPO activity often affects foreign institutional investor (FII) flows and sentiment toward emerging markets, as investors rebalance portfolios following significant capital deployments elsewhere. The pricing and demand dynamics may also set benchmarks for future large listings and influence broader indices sensitive to global risk appetite shifts.

Source: Markets-Economic Times