SpaceX to list on US stock market today after raising $75bn in largest IPO ever – business live
Rolling coverage of SpaceX’s record-breaking initial public offering Today may go down in history as the day Elon Musk could become the world’s first trillionaire
Rolling coverage of SpaceX’s record-breaking initial public offering Today may go down in history as the day Elon Musk could become the world’s first trillionaire, and the day SpaceX blasted off into the public markets, says Ipek Ozkardeskaya, senior analyst at Swissquote The company already made history yesterday by selling 555.6 million shares priced at $135 each, raising the $75 billion that it was looking for and giving the company nearly the $1.8 trillion valuation that it was targeting.
It equals the combined value of the 29 biggest IPOs in US history since 2000 – adjusted for inflation – including Meta, Google, Hilton, Airbnb, DoorDash, Uber, Snowflake and GM. Yes, it’s huge. So today, everyone will be watching SpaceX leave the launchpad.
In yesterday’s note, I discussed in detail what to expect from this IPO today, and in the coming weeks and months, for those who are interested in what the future could hold for the company and for the rest of the market.
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