SpaceX Sets $135 IPO Price, Poised to Become Largest Public Offering in History at $1.77 Trillion Valuation
By
Ryan Mac
Toasted just enough. A reliable bake, gently seasoned.
Summary
SpaceX has set a $135 share price for its initial public offering, valuing the company at $1.77 trillion and positioning it to become the largest IPO in history, surpassing Saudi Aramco's 2019 record. The offering is expected to raise $74.4 billion for Elon Musk's rocket and AI company.
Key quotes
· 3 pulledSpaceX, Elon Musk's rocket maker and artificial intelligence company, set a price for its initial public offering on Wednesday of $135, which would value it at $1.77 trillion and crown it the largest I.P.O. ever.
The $135 share price means Elon Musk's rocket maker is poised to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.
At that price, SpaceX would raise $74.4 billion
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