SpaceX Sets Record IPO Price, Musk Nears Trillionaire Status
Elon Musk’s SpaceX on Thursday confirmed it will begin trading on the Nasdaq exchange Friday in the biggest initial public offering in history, a blockbuster market debut that could propel the entrepreneur to trillionaire status. In a filing with the US markets regulator, the company priced more than 555 million shares at US$135 each, placing SpaceX in the top 10 of Wall Street’s biggest companies with a valuation of just under US$1.8 trillion. It will be valued more than Mus
SpaceX is set to launch its initial public offering on the Nasdaq exchange on Friday, marking the largest IPO in history. The company priced over 555 million shares at $135 each. This significant market debut values SpaceX at nearly $1.8 trillion, positioning it among the top ten largest companies on Wall Street. The valuation surpasses that of Elon Musk's Tesla car company.
This IPO represents a monumental event in financial markets, potentially creating one of the world's wealthiest individuals and significantly impacting the aerospace industry's investment landscape.
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