SpaceX plans to sell 555.6 million shares at $135 each on Nasdaq under the ticker SPCX, targeting a $75 billion raise and valuing the company near $1.77 trillion in what it calls the largest IPO on record. According to BeInCrypto, a welder who immigrated from Mexico, Juan Hernandez, holds stock worth roughly $880,000 ahead of next week’s IPO after building the stake from a $10,000 equity grant he received in 2015.
The report cites comments from The Economist’s Joshua Roberts warning IPOs often underperform, and notes lock-up periods for insiders, Fidelity retail access hurdles, and plans by some index providers to fast-track inclusion within five days.
SpaceX to sell 555.6 mln shares at $135 in Nasdaq IPO under ticker SPCX
2026-06-08 01:26:31
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