SpaceX Shares Rise 19% in First Day of Trading, Valuation Tops $2 Trillion
SpaceX completed its IPO with shares closing up 19 percent, pushing the company's valuation above $2 trillion. The debut drew attention to a concentrated set of venture investors positioned for large returns.
businesstoday.inSpaceX shares closed up 19 percent on their first day of trading, lifting the company's valuation above $2 trillion. Fortune reported the outcome of the IPO. S.
Venture capital research, said the listing represents a huge win for venture capital firms. He added that the result supports the view that IPOs are on their way back. Stanford noted that an extraordinarily limited number of venture firms stand to receive major returns from SpaceX.
He said the company's full cap table consists of the best venture firms and major asset managers. The same statement said a trillion-dollar IPO, let alone three in a year, will probably never happen again. Stanford said that if OpenAI and Anthropic go public, regular unicorns valued between $10 billion and $20 billion could build an IPO pipeline in early 2027.
PhoenixAI, based in Menlo Park, California, raised $80 million in Series B funding. Sky9 Capital led the round and was joined by Atypical Ventures, Olive Technology Ventures, and existing investors.
HighPost Capital led the round and was joined by Shine Capital, LGVP, and others. Orbio, based in Madrid, Spain, raised $21 million in Series A funding.
REMEDY, based in New York City, raised $19 million in Series A funding. L Catterton led the round and was joined by Sonoma Brands and existing investor Norwest. 5 million in seed funding.
True Ventures led the round and was joined by First Rays Venture Partners and Seven Hill Ventures. Relativity, backed by Permira and Silver Lake, acquired Gavel, a Los Angeles-based AI-native legal technology company. Financial terms were not disclosed.
