This is about seven-and-a-half times Alibaba’s inflation-adjusted valuation in 2014, which held the record before, and 15 times Facebook’s IPO, blowing modern service giants Uber and Airbnb out of the water entirely.
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SpaceX already made history by raising $75 billion on Thursday, and pulling off its anticipated IPO will make thousands of SpaceX employees millionaires and could push up Elon Musk’s net worth high enough to make him a trillionaire.
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Here’s how $1.77 trillion squares with the top 20 biggest IPOs staged in the United States:
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- Alibaba Group Holding Ltd — $236.53 billion
- Facebook Inc — $118.48 billion
- Uber Technologies Inc — $98.75 billion
- AT&T Wireless Services Inc — $133.33 billion
- Rivian Automotive Inc — $80.18 billion
- Didi Global Inc — $75.19 billion
- United Parcel Service Inc — $119.79 billion
- Coupang Inc — $76.11 billion
- Ente Nazionale per l’Energia Elettrica (ENEL) — $109.28 billion
- Kraft Foods Inc — $101.27 billion
- Deutsche Telekom AG — $109.47 billion
- Banco Santander Brasil SA — $78.94 billion
- General Motors Co — $75.82 billion
- Visa Inc — $69.56 billion
- Airbnb Inc — $52.71 billion
- Gazprom — $79.85 billion
- Rocket Companies Inc — $46.39 billion
- Telefonica Moviles — $69.03 billion
- Blackstone — $54.93 billion
- Snowflake Inc — $43.73 billion