SpaceX files for record $75 billion IPO, valued at $1.77 trillion ahead of Nasdaq debut
By
Lora Kolodny, Ari Levy
Summary
SpaceX is launching the largest IPO in history, raising $75 billion by selling 555.6 million shares at $135 each. The deal values the company at $1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla. The Nasdaq debut is set for Friday, giving the public their first chance to invest in the 24-year-old company. However, the article notes that SpaceX is burning cash and the investment is largely a bet on Elon Musk.
Source
bskySpaceX files for record $75 billion IPO, valued at $1.77 trillion ahead of Nasdaq debutcnb.cxKey quotes
· 3 pulledSpaceX is officially set for the largest IPO on record.
The deal values SpaceX at $1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla, Musk's electric vehicle maker.
Betting on SpaceX at this price is largely a wager on Musk, as the company is burning cash and is far sm
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