SpaceX sets IPO price at $135, targeting record $1.77 trillion valuation
By
Steve Kopack, Allie Canal
The kind of bagel that ruins lesser bagels for you.
Summary
SpaceX has set its final IPO price at $135, positioning it for the largest stock debut in history with a valuation of $1.77 trillion. The public offering brings Elon Musk's space, AI, and social media (X) conglomerate to market, serving as both a referendum on Musk himself and a major test of investor demand for AI-related stocks. The IPO also raises questions about market mechanics, drawing comparisons to Facebook's glitch-ridden 2012 debut on the Nasdaq.
Key quotes
· 3 pulledSpaceX on Thursday set its final IPO price at $135, the last stage in a long running process to bring Elon Musk's space and AI conglomerate public.
The IPO, which could be a referendum on Musk himself, is also going to be the latest major test of red hot demand for the artificial intelligence boom.
When Facebook's massive IPO debuted on the Nasdaq exchange in 2012, technical glitches delayed its opening.
You might also wanna read
SpaceX Sets Record for Largest IPO in History at $1.77 Billion Valuation
SpaceX, Elon Musk's aerospace and technology conglomerate, has set a record for the largest IPO in history with an initial valuation of appr
Variety·9h agoSpaceX's Record-Breaking $1.77 Trillion IPO: Inside the Largest Public Offering in History
SpaceX's IPO is analyzed as the largest in history at a $1.77 trillion valuation, surpassing Saudi Aramco. However, only about 4% ($75 billi
SpaceX IPO filing reveals $4.9 billion loss despite $18.67 billion revenue
SpaceX's IPO prospectus reveals the company is not as financially dominant as expected, reporting a $4.9 billion net loss on $18.67 billion
axios.com·21d ago