SpaceX IPO Dominates US VC Market in Record Year

A good year for IPOs. A bit less so for their performance. And not a year at all for SaaS. Per PitchBook there has been $1,786.8 billion in US VC-backed IPO value through July 28. That’s not a record. That’s five prior years stacked on top of each other and then doubled. Then you do the subtraction. #SpaceX 🚀 went public on June 12 at $135 a share, at a valuation of roughly $1.77 trillion. It sold 555.56 million shares and raised $75 billion, $85.7 billion once underwriters took their overallotment. The single largest IPO ever executed, by a wide margin. So of that $1,786.8B: about $1,770B is one rocket + coding/AI + tweet company. The other 43 VC-backed IPOs this year combined are worth roughly $17 billion. That’s not a boom. That’s 2023 with a trillion-dollar asterisk stapled to it. #Data is beautiful https://www.saastr.com/20..