SpaceX will be the largest IPO in history. These debuts also set records

If SpaceX eventually goes public on the Nasdaq under the ticker symbol SPCX, it will almost certainly set a record for the largest stock in history. Not far away.

Elon Musk’s reusable rocket maker filed its long-awaited IPO prospectus on Wednesday. The company has not disclosed how much it plans to raise, but it is reportedly aiming to raise about $75 billion. That’s more than three times the size of the largest U.S. IPO ever. alibabamade a $22 billion offer in 2014.

The next largest U.S. IPOs are: visawhich raised nearly $18 billion in 2008. energy spaa $16.5 billion deal in 1999, and facebook‘s $16 billion 2012 debut.

Investors are counting on SpaceX to breathe life into an IPO market that has been slow since the end of 2021, as soaring inflation and rising interest rates drive investors away from risk. The ensuing artificial intelligence boom has sent OpenAI and Anthropic’s valuations into the stratosphere, but both remain privately held companies with ambitions to eventually go public, perhaps as soon as this year. OpenAI could file a confidential application as early as this week.

cerebrum Last week’s Nasdaq listing gave Wall Street a chance to get into AI hardware. This is the largest technology product since then. UberBut for companies like Databricks and Stripe, the seemingly limitless private funding opportunities are motivating them to stay away from public markets.

SpaceX will be seeing numbers that Wall Street has never seen before, but some huge IPOs have reached double-digit billions in the past. Introducing the largest US IPO ever.

alibaba

The Chinese tech and e-commerce giant raised $21.8 billion when it listed on the New York Stock Exchange in 2014, making it the largest IPO in history at the time.

More than 10 years have passed since the IPO. alibaba It remains a dominant force in its homeland through online retail and cloud computing. But the stock has lost well over half its value since its peak in October 2020, at the height of the coronavirus pandemic.

Alibaba is among a growing number of companies leveraging AI to scale down their operations. Last year, the company sold part of its retail business and cut about a third of its workforce. The company is investing in more semiconductor efforts to support its AI aspirations.

visa

visa It hit the public markets in 2008 despite an impending financial crisis. The payments company raised $17.8 billion and its stock price has soared 38% since its inception. This was a big win for many big banks, which were struggling as the housing collapse spread to the rest of the economy.

Visa stock reached a closing high of $373.31 in June and currently trades around $330.

energy spa

When it went public in November 1999, the Italian multinational power company raised approximately $16.5 billion, setting a record for the largest IPO in history at the time.

energy spa began privatizing the company through an IPO, but the Italian government still owns nearly a quarter of the company. The company is now looking to expand its reach, with plans to invest tens of billions of dollars in renewable energy growth in the U.S. and Europe from 2026 to 2028. The stock price is up nearly 25% compared to last year.

facebook

More than a decade after its 2012 debut, Mark Zuckerberg’s company still holds the title of the biggest product in American tech history, a little longer anyway. currently known as Metathe company raised about $16 billion and immediately set its market value at about $100 billion.

Facebook set the stage for a series of social media IPOs in the years that followed. twitter, snap, pinterestand more recently reddit. Twitter was taken private by Musk in 2022, later renamed to X, and acquired by xAI, which is now owned by SpaceX.

Over the years, Meta has established itself as one of the most valuable technology companies by market capitalization, currently valued at approximately $1.5 trillion.

In 2021, Facebook set its sights on virtual reality and rebranded itself as Meta. The company has recently stepped up its investment in AI, investing more than $14 billion in Scale AI last year and bringing CEO Alexandr Wang into the company.

general motors

When the automaker returned to the public market in November 2010; general motors It raised $15.8 billion. About a year ago, the company filed for Chapter 11 bankruptcy protection due to mounting debt, prompting a massive government bailout and overhauling its business.

The company appointed Mary Barra as CEO in 2014, making her the first woman to hold the top position at a major U.S. automaker. It’s been a bumpy road so far, with the stock falling below its offering price several times as the company grapples with slowing demand and a failed electric vehicle initiative.

Still, the stock is up 52% ​​over the past year.

deutsche telekom

European telecommunications giant Deutsche Telekom raised more than $13 billion when it went public on the New York Stock Exchange in November 1996. Along with Spain’s Telefonica and British Airways, it was one of the most famous examples of national privatization.

The company, which owns a majority stake in US wireless provider T-Mobile, is currently partnering with Elon Musk and SpaceX’s Starlink for satellite mobile services in 10 European countries, including Germany, Austria, Poland, Hungary and Greece.

Rivian

Rivian Its IPO in late 2021 raised $11.9 billion, and that initial investment further increased the value of the EV maker. ford Or GM at the time.

However, due to intensifying competition overseas and slowing demand for EVs, the stock price has plummeted more than 90% from its high.

Rivian recently increased spending on some self-driving technology and new cars and rescinded its 2027 profitability target. In March, Uber Invested $1.25 billion in Rivian to build up to 50,000 robotaxis over the next five years.

AT&T Wireless

AT&T‘s wireless business spinoff collected $10.6 billion in April 2000 operations. But the Goldman Sachs-led deal was just the beginning of a multi-step journey.

In 2004, Cingular, a joint venture between SBC Communications and BellSouth, acquired AT&T Wireless. SBC then acquired the original AT&T and adopted its name. After a new entity acquired BellSouth in 2007, AT&T Wireless was rebranded as AT&T Mobility and is now a major subsidiary of AT&T. AT&T is the third largest wireless carrier in the United States after 2007. verizon And T-Mobile.

Attention: AI is still a big topic in its early stages