Elon Musk gets public trading of SpaceX under way from Texas
Summary
Elon Musk announced that SpaceX is starting to trade publicly on the US stock market, marking what he calls the largest initial public offering (IPO) ever. The company held celebrations both at its Texas headquarters and at Nasdaq in New York City as trading began.Key Facts
- SpaceX founder Elon Musk said he gave the company less than a 10% chance of success when it began.
- SpaceX is now going public with what Musk describes as the largest IPO ever.
- The public trading officially started on the US stock exchange.
- Celebrations for the start of trading took place in Texas and at Nasdaq headquarters in New York City.
- The company’s headquarters is located in southern Texas.
- This marks a major milestone for SpaceX, a private space exploration company founded by Musk.
- An IPO means shares of the company are now available for public investors to buy and sell.
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