SpaceX to list on US stock market at historic $1.77tn valuation
Summary
SpaceX will start trading on the US stock market with an initial value of $1.77 trillion. This could make it the largest IPO ever and potentially make its CEO, Elon Musk, the world's first trillionaire.Key Facts
- SpaceX is going public after about 25 years as a private company.
- The company’s IPO valuation is $1.77 trillion, the largest in history.
- Elon Musk owns most of SpaceX and is also CEO of Tesla, which is valued at $1.2 trillion.
- SpaceX includes several Musk businesses such as Starlink (satellite internet), xAI (artificial intelligence), X (social media), and the rocket division.
- SpaceX made $18.7 billion in revenue last year but lost $4.3 billion operating.
- The IPO price was fixed at $135 per share, not a range, which is unusual.
- Investor demand was reportedly four times higher than the shares offered.
- About 4,400 SpaceX employees will become millionaires due to the IPO.
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