SpaceX has raised $75bn in a record-breaking IPO.

The group priced its 555.6 million shares at $135 a piece, according to a US regulatory filing on Thursday afternoon.

Total fundraising could rise to $86bn with a $1.78trn valuation if underwriters exercise a so-called greenshoe option to sell additional shares after the commencement of trading.

A number of major UK investment platforms, including Hargreaves, AJ Bell, CMC Markets, eToro, Freetrade, IG, Interactive Brokers, Interactive Investor and Revolut were authorised to sell shares to retail investors as part of the bookbuilding process, with applications channelled through Marex.

The historic SpaceX IPO, which will make Elon Musk the world’s first trillionaire, could drain liquidity out of markets, causing fresh volatility, and hitting investor portfolios, deVere Group CEO, Nigel Green, has warned.

“This is a watershed moment for global markets. SpaceX is pulling in an extraordinary amount of capital and investors everywhere need to understand the consequences.

“Money is about to be sucked towards one company on a scale we’ve never seen before. Capital has to come from somewhere. Funds will be sold, positions will be cut, and portfolios will be reshaped. Investors are focused on the excitement. Far fewer are talking about the liquidity vacuum that can emerge around a deal of this magnitude.”

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