SpaceX raises $75bn in record-breaking IPO debut, valued at $1.7 trillion
By
Suhasini Srinivasaragavan
The kind of bagel that ruins lesser bagels for you.
Summary
SpaceX has raised a record-breaking $75bn in its IPO debut, with 555.6 million shares priced at $135 each, giving the company a market value of $1.7 trillion. The company will trade under Nasdaq and Nasdaq Texas with the symbol 'SPCX'. The IPO positions SpaceX to rival AI giants Anthropic and OpenAI as they prepare to go public.
Key quotes
· 3 pulledSpaceX has raised a record-breaking $75bn in its IPO debut, setting the scene for rivalling AI giants Anthropic and OpenAI as they gear up to go public.
The X and xAI-parent company has confirmed some 555.6m shares at a price of $135 a share.
It will debut under Nasdaq and Nasdaq Texas today (12 June) under the symbol 'SPCX'.
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