SpaceX Launches World's Largest IPO at $135 Per Share, Valued at $1.77 Trillion
By
Ryan Mac
Summary
SpaceX is set to launch the world's largest initial public offering, selling over 555 million shares at $135 each, with a valuation of $1.77 trillion. The company, led by Elon Musk, will begin trading on Friday under the ticker SPCX. The IPO is expected to make Musk the world's first trillionaire.
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Key quotes
· 3 pulledSpaceX Sets Milestone With World's Largest I.P.O., Furthering Musk's Power
Elon Musk's rocket company said it would sell more than 555 million shares at $135 each in its blockbuster initial public offering
Its valuation is set at $1.77 trillion and would put Mr. Musk, the world's richest man, on track to become the first trillionaire in history
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