SpaceX raises $75 billion in its IPO
Summary
SpaceX raised $75 billion by selling shares in a public offering, making the company worth about $1.77 trillion. This is the largest initial public offering (IPO) in U.S. history, and the company began trading on the Nasdaq stock exchange under the symbol SPCX.Key Facts
- SpaceX sold 555.56 million shares at $135 each.
- The IPO raised $75 billion, valuing SpaceX at $1.77 trillion.
- This IPO is the largest ever in the United States.
- Many investors, including regular retail investors, wanted to buy shares, and they were given a large number.
- Elon Musk did not sell any of his shares during the IPO.
- Musk’s total holdings in SpaceX are valued at more than $866 billion.
- Combining his Tesla and SpaceX shares, Musk is considered the world’s first paper trillionaire.
- Trading on Nasdaq started on the day after the IPO, under the ticker SPCX.
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