SpaceX is set to launch its Nasdaq debut with an indicative opening price of $162, up from the IPO strike price of $135. The rocket‑maker’s listing follows a record $75 bn offering, positioning it as the largest IPO ever. Trading will open after a Nasdaq auction that curbs early volatility today.

The $75 bn haul could swell to $86 bn if underwriters exercise the greenshoe option, pushing the company’s valuation to about $1.78 tn. SpaceX sold 555 million shares at $135 each, a total raised that dwarfs previous private‑funding rounds and signals investor confidence and affirm the sector’s ability to attract capital with high valuation.

Demand exceeded supply threefold, with asset managers, sovereign funds, hedge funds and retail buyers clamouring. Individual investors placed orders worth over $100 bn, securing roughly 20‑25 % of the shares sold. Bank of America handled the U.S. retail portion of the deal, underscoring the breadth of interest across the global investment community.

The debut arrives amid a volatile market, as shares of high‑growth firms swing sharply. SpaceX’s performance will test whether investors remain willing to bankroll massive listings, a benchmark for upcoming AI IPOs from Anthropic and OpenAI. The day’s results will crystallise appetite for mega‑cap public offerings in the tech sector.