SpaceX IPO set for liftoff in record market debut
Elon Musk's SpaceX was set to begin trading on the Nasdaq exchange on June 12 with the biggest initial public offering in history expected to make the polarizing entrepreneur the world's first trillionaire.
In a filing with the US markets regulator Thursday, the company priced more than 555 million shares at $135 each, placing SpaceX in the top 10 of Wall Street's biggest companies with a valuation of just under $1.8 trillion — ahead of Tesla, Facebook-owner Meta and Walmart.
The offering will raise over $75 billion, easily outranking Saudi Aramco's $29.4 billion debut in 2019, the previous record-holder.
Options for nearly 83 million additional shares could push the total above $86 billion.
