SpaceX, the aerospace company led by Tesla CEO Elon Musk, has completed the largest initial public offering (IPO) in history, quickly rising to become the eighth largest company in the world by market capitalization.
According to global market capitalization tracking site Company Market Cap, SpaceX's market cap reached $1.765 trillion (approximately 2,680 trillion won) based on an IPO price of $135 per share, surpassing Saudi state oil company Aramco, which has a market cap of $1.751 trillion. This valuation also exceeds that of Tesla, which is ranked tenth with a market cap of $1.499 trillion. Last week, Samsung Electronics briefly reached ninth place in market cap but fell to twelfth as of the close on June 11, Korean time.
SpaceX confirmed the IPO price at $135 per share and will begin trading on Nasdaq under the ticker symbol 'SPCX' starting June 12. The company raised approximately $75 billion (about 113 trillion won) by selling around 555.6 million shares, with an estimated enterprise value of about $1.77 trillion (approximately 2,668.8 trillion won).
Despite the IPO, Musk's control over SpaceX remains intact. According to the Associated Press, Musk will retain 82.4% of the voting rights through dual-class shares after the IPO.
* This article has been translated by AI.
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