SpaceX is shooting for the stars: a record-breaking $135 per share initial public offering that would value the company at $1.77 trillion.
This is about seven-and-a-half times Alibaba’s inflation-adjusted valuation in 2014, which held the record before, and 15 times Facebook’s IPO, blowing modern service giants Uber and Airbnb out of the water entirely.
SpaceX already made history by raising $75 billion on Thursday, and pulling off its anticipated IPO will make thousands of SpaceX employees millionaires and could push up Elon Musk’s net worth high enough to make him a trillionaire.
Here’s how $1.77 trillion squares with the top 20 biggest IPOs staged in the United States:
- Alibaba Group Holding Ltd — $236.53 billion
- Facebook Inc — $118.48 billion
- Uber Technologies Inc — $98.75 billion
- AT&T Wireless Services Inc — $133.33 billion
- Rivian Automotive Inc — $80.18 billion
- Didi Global Inc — $75.19 billion
- United Parcel Service Inc — $119.79 billion
- Coupang Inc — $76.11 billion
- Ente Nazionale per l’Energia Elettrica (ENEL) — $109.28 billion
- Kraft Foods Inc — $101.27 billion
- Deutsche Telekom AG — $109.47 billion
- Banco Santander Brasil SA — $78.94 billion
- General Motors Co — $75.82 billion
- Visa Inc — $69.56 billion
- Airbnb Inc — $52.71 billion
- Gazprom — $79.85 billion
- Rocket Companies Inc — $46.39 billion
- Telefonica Moviles — $69.03 billion
- Blackstone — $54.93 billion
- Snowflake Inc — $43.73 billion
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