SpaceX launches historic $75 billion IPO, the largest in history
By
Kirsten Korosec, Russell Brandom
Summary
SpaceX is conducting its initial public offering (IPO), pricing 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. The offering is expected to make Elon Musk the world's richest person. TechCrunch's coverage package includes analysis of winners and losers, pre-IPO deals, and details from SpaceX's S-1 registration document, drawing on the publication's long history of following the company.
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Key quotes
· 3 pulledSpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company's reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk.
But in its 24-year history, nothing quite compares to this initial public offering.
The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history.
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