First reported by bsky
SpaceX IPO Set to Become Largest in History at $1.77 Trillion Valuation
SpaceX raises $75bn ahead of historic stock market debut expected to value company at $1.8tn
By
Kali Hays
3h ago· 4 min readenNews
90/100
Golden Brown
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Sesame, salt, and substance. A flagship bake.
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Summary
SpaceX has raised $75bn from financial firms ahead of its public stock market debut, which is expected to be the highest-value stock listing in history. The company sold shares at $135 each, giving it an expected initial market value of nearly $1.8tn. This listing is also projected to make CEO Elon Musk the world's first trillionaire.
Key quotes
· 3 pulledSpaceX has raised $75bn (£56bn) from financial firms ahead of it becoming a publicly traded company on Friday, in what is expected to be the highest-value stock listing in history.
In a filing with the US Securities and Exchange Commission, the space exploration and artificial intelligence (AI) company said it had sold $75bn in shares priced at $135 each.
At that value, chief executive Elon Musk - already the richest person in the world - is expected to become the world's first trillionaire.
The public sale is also expected to make Elon Musk the world's first trillionaire.
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