SpaceX shares surge 19% on first day; record $75B IPO closes Friday
SpaceX completed the largest IPO on record, raising $75 billion and closing Friday with shares up 19% in first-day trading. The milestone reflects sustained capital-markets momentum for hardware-scale ventures and Elon Musk's portfolio companies.
The IPO unlock also triggered secondary-market activity: venture-backed secondaries are expected to accelerate as early investors in private markets seek liquidity following the SpaceX precedent.