@crazyeddie @GurgelSegrillo
In the historic SpaceX IPO, the vast majority of the $75 billion raised went directly to early insiders, pre-IPO investors, and vendors rather than into the company's bank account. The stock purchase provided an exit strategy to cash out existing stakeholders, with significant chunks going to underwriters, and the rest retained by the company to build AI computing infrastructure and massive Starship rockets.
Elon Musk did not sell any of his existing stock during the historical SpaceX Initial Public Offering (IPO).
Instead of cashing out, Musk chose to retain all of his personal shares.
The blockbuster listing—which raised $75 billion by offering 555.56 million newly issued Class A shares at $135 each—was designed specifically to raise external capital for significant growth projects, rather than to allow company insiders to cash out.
Key details of the offering include:
The Record Size: SpaceX's offering broke records as the largest IPO in stock market history.
Company Valuation: The debut valued the company at roughly $1.77 trillion.
Musk's Ownership: Musk retained his massive pre-IPO stake, keeping his 42% ownership of the company intact and maintaining firm voting control over the rocket and satellite manufacturer.
https://www.npr.org/2026/06/11/nx-s1-5853199/spacex-ipo-price-elon-musk