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SpaceX is poised to be the biggest IPO ever. Here are the top U.S. deals to date

Cnbc · · 1068 words · By Samantha Subin
Tech Industry Trends Financial Markets SpaceX IPO
open_in_new Read the original article: https://www.cnbc.com/2026/05/20/spacex-is-the-biggest-ipo-ever-these-debuts-also…

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
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Exaggeration / Hyperbole 70% confidence
Overstating facts or claims to create a stronger emotional response.

fact_checkFact-Check Results

27 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 17
check_circle Corroborated 5
info Single Source 3
help Insufficient Evidence 2
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“Elon Musk's reusable rocket maker filed its long-awaited IPO prospectus on Wednesday.”
CORROBORATED
Multiple independent sources (CNBC, CNN Business, and other web search results) confirm that SpaceX filed its IPO prospectus on Wednesday.
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web search NEUTRAL — SpaceX filed for an initial public offering on Wednesday, revealing its finances and board members for the first time.
https://www.cnn.com/2026/05/20/business/spacex-files-for-sto…
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web search NEUTRAL — SpaceX filed for its long-awaited IPO on Wednesday, disclosing a net loss of $4.9 billion on $18.7 billion in revenue last year.The company’s prospectus offers the first audited public look at how Sta…
https://finance.yahoo.com/markets/stocks/articles/spacex-fil…
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web search NEUTRAL — SpaceX IPO Filing to Arrive Wednesday: Report.Also working on the IPO will be Morgan Stanley, Bank of America, Citigroup, and JPMorgan. SpaceX could publicly disclose its prospectus as soon as Wednesd…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
+ 1 more evidence source
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“the company... is reportedly aiming to reel in around $75 billion.”
SINGLE SOURCE
Only the CNBC cross-reference mentions the specific target of raising $75 billion for a 2026 IPO; other search results for SpaceX do not mention this figure.
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web search NEUTRAL — SpaceX, NASA, and the United States Armed Forces work closely together by means of governmental contracts. [11] SpaceX was founded by Elon Musk in 2002 with a vision of decreasing the costs of space l…
https://en.m.wikipedia.org/wiki/SpaceX
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web search NEUTRAL — SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other…
https://www.spacex.com/
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web search NEUTRAL — 2 days ago · SpaceX is now targeting a Thursday, May 21, launch for its newest Starship design, the Starship V3 megarocket. See our latest updates here.
https://www.space.com/news/live/spacex-starship-flight-12-la…
+ 1 more evidence source
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“the biggest U.S. IPO to date, which was Alibaba's $22 billion offering in 2014.”
CORROBORATED
Multiple sources, including Renaissance Capital and a news report, confirm Alibaba's 2014 IPO raised approximately $21.8 billion and was the biggest U.S. IPO at the time.
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web search NEUTRAL — On 18 September 2014, Alibaba's IPO priced at US$68, raising US$25 billion for the company and investors.[28][29] Alibaba was the biggest IPO in history, bigger than Google, Facebook, and Twitter comb…
https://en.wikipedia.org/wiki/Alibaba_Group
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web search NEUTRAL — Chinese e-commerce and media giant Alibaba Group priced its initial public offering Thursday at $68 per share, set to raise about $21.8 billion in what would mark the biggest U.S. IPO ever, per multip…
https://variety.com/2014/digital/news/alibaba-raises-nearly-…
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web search NEUTRAL — Largest US IPOs of The Year. Company. Offer Date. Exchange.Below are some of the largest IPOs in history: 1. Alibaba (2014). Amount Raised: $21.8 billion. Valuation: $175 billion. Sector: Technology. …
https://www.renaissancecapital.com/IPO-Center/Stats/Largest-…
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“The next largest U.S. IPOs were from Visa, which raised nearly $18 billion in 2008, Enel SpA's $16.5 billion deal in 1999, and Facebook's $16 billion 2012 debut.”
SINGLE SOURCE
The provided evidence for this claim discusses Alibaba's bonds and general success but does not provide the specific figures or dates for Visa, Enel SpA, or Facebook's IPOs to verify the ranking.
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web search NEUTRAL — In February 2021, Alibaba sold $5 billion in bonds, the company's third large sale of dollar bonds, issuing four sets priced to yield between 2.143% and 3.251%. The four sets of bonds were $1.5 billio…
https://en.wikipedia.org/wiki/Alibaba_Group
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web search NEUTRAL — Following its U.S. IPO, Alibaba raised $25 billion and has since become one of the world’s most valuable tech companies. It also ranks among some of China’s state-owned enterprises as one of the count…
https://www.ironfx.com/en/alibaba-group-holding-ltd-baba/
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web search NEUTRAL — Discover the top 10 largest IPOs of all time.
https://www.investopedia.com/articles/investing/011215/top-1…
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“Cerebras gave Wall Street a chance to get in on AI hardware with its Nasdaq listing last week, the biggest tech offering since Uber's IPO in 2019.”
CORROBORATED
Three separate web search results confirm that Cerebras listed on the Nasdaq, raised $5.55 billion, and was the largest U.S. tech IPO since Uber in 2019.
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web search NEUTRAL — Cerebras Systems priced its IPO at $185 per share on May 13, 2026, raising $5.55 billion in the largest U.S. technology market debut since Uber in 2019.Mark Kembel’s Coverstory. Travis LeFever Coverst…
https://www.mirrorreview.com/news/cerebras-ipo/
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web search NEUTRAL — Cerebras raised more than $5.5 billion on Thursday, making its listing the largest U.S. tech IPO since Uber in 2019. (Its shares pulled back on Friday as tech stocks as a whole took a breather.) While…
https://www.msn.com/en-us/money/general/ai-mega-ipos-are-on-…
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web search NEUTRAL — For one day, Cerebras was the hottest stock in tech. Then reality showed up. The AI chip startup raised $5.55 billion in its Nasdaq debut on Thursday, the biggest U.S. tech IPO since Uber went public …
https://www.briefs.co/news/cerebras-just-pulled-off-the-bigg…
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“The Chinese tech and e-commerce giant raised $21.8 billion when it debuted on the New York Stock Exchange in 2014”
CORROBORATED
Renaissance Capital and other reports specifically cite the $21.8 billion figure for Alibaba's 2014 NYSE debut.
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web search NEUTRAL — Alibaba Group Holding Limited, branded as Alibaba (/ ˌæliˈbɑːbə, ˌɑː -/), is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June…
https://en.wikipedia.org/wiki/Alibaba_Group
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web search NEUTRAL — Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import & Export on alibaba.com.
https://www.alibaba.com/
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web search NEUTRAL — Launched in 1999 as the first business of Alibaba Group, Alibaba.com has evolved into a leading platform for global business-to-business (B2B) e-commerce.
https://www.alibabagroup.com/en-US/about-alibaba-businesses-…
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“the stock has lost well over half its value since peaking in October 2020”
SINGLE SOURCE
The provided evidence for this claim consists of general company descriptions of Alibaba and does not contain stock price data or peak values from October 2020.
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web search NEUTRAL — Alibaba Group Holding Limited, branded as Alibaba (/ ˌæliˈbɑːbə, ˌɑː -/), is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June…
https://en.wikipedia.org/wiki/Alibaba_Group
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web search NEUTRAL — Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import & Export on alibaba.com.
https://www.alibaba.com/
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web search NEUTRAL — Launched in 1999 as the first business of Alibaba Group, Alibaba.com has evolved into a leading platform for global business-to-business (B2B) e-commerce.
https://www.alibabagroup.com/en-US/about-alibaba-businesses-…
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“Last year, the company slashed about a third of its workforce as it sold off some retail operations.”
CORROBORATED
Multiple sources report workforce reductions; specifically, one source mentions a 34% reduction in 2025 to focus on AI, and another mentions 19,000 employees last year.
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web search NEUTRAL — Alibaba reduced its workforce by about 19,000 employees last year as it adapted to a global economic chill and shifted focus to cost efficiency.
https://slashdot.org/story/23/02/23/149236/alibaba-reduced-w…
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web search NEUTRAL — Alibaba reduced its workforce by approximately 34% during 2025 as the company disposed of peripheral retail holdings to focus on artificial intelligence and cloud computing. The latest earnings showed…
https://www.bushletter.com/alibaba-workforce-shrinks-34-perc…
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web search NEUTRAL — Alibaba also reduced its workforce in the first three months of the year by 4,375, mirroring widespread moves among global tech companies to rein in spending at a time of rising inflation, materials c…
https://www.straitstimes.com/business/companies-markets/alib…
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“The payments company raised $17.8 billion [in 2008]”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding Visa's 2008 IPO amount.
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“Visa shares reached a closing high of $373.31 in June and are now trading at around $330.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding Visa's specific stock price highs in June or current trading price.
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“When it went public in November 1999, the Italian multinational utility raised nearly $16.5 billion”
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“the government of Italy still owns close to a quarter of the company.”
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“the company raised about $16 billion [in 2012], instantly setting its market value at about $100 billion.”
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“Twitter was taken private by Musk in 2022, before changing its name to X and then being acquired by xAI, which is now owned by SpaceX.”
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“Meta... now valued at about $1.5 trillion.”
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“In 2021, Facebook rebranded to Meta”
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“investing over $14 billon in Scale AI last year and bringing its CEO, Alexandr Wang, in-house.”
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“In the automaker's return to the public market in November 2010, General Motors raised $15.8 billion.”
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“About a year earlier, the company had filed for Chapter 11 bankruptcy”
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“In 2014, the company installed Mary Barra as CEO, the first time a female held the top position at one of the major U.S. automakers.”
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“European telecom giant Deutsche Telekom raised more than $13 billion when it debuted on the NYSE in November 1996.”
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“The company, which owns a majority stake in U.S. wireless provider T-Mobile, is currently teaming up with Elon Musk and SpaceX's Starlink on satellite mobile services in 10 European countries”
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“Rivian's IPO in late 2021 raised $11.9 billion”
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“In March, Uber invested $1.25 billion in Rivian for up to 50,000 robotaxis over the next five years.”
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“AT&T's spinoff of its wireless business raked in $10.6 billion in its April 2000 offering.”
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“In 2004, Cingular, a joint venture between SBC Communications and BellSouth, bought AT&T Wireless.”
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“AT&T... is the third-largest wireless carrier in the U.S., behind Verizon and T-Mobile.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.