Elon Musk SpaceX raises $75bn in world's biggest IPO, pricing at $135 as investors bet big on Musk’s AI and space ambitions

Hyperliquid and Binance had SPCX synthetics around $165 pre-open, implying roughly a $2.2T mark before Nasdaq even starts matching orders. That is a very crypto setup for an equity IPO: tiny tradable float, $100B+ retail demand, fast-track index inclusion, and perps discovering price before the underlying. At 90x+ sales with 2025 losses, buyers are underwriting Starlink plus orbital AI compute like future cash flow is already collateral, so the first week will be a liquidity/float trade as much as a valuation call.

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More coverage

• SpaceX raises record-setting $75bn in IPO debut - Silicon Republic (siliconrepublic.com)
• Musk's SpaceX raises $75bn in world's biggest IPO (x.com)

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