Elon Musk’s SpaceX intends to launch its first AI1 satellites - dubbed orbital data centers - next year, following its record-breaking IPO on the New York Stock Exchange.
SpaceX makes its debut on the Nasdaq market today, having pre-sold 556 million shares at $135 per share, valuing the company at $1.77trn. It is the largest IPO in Wall Street history.
Shares in SpaceX, which will appear under the symbol SPCX, have yet to begin trading at the time of writing, but are expected to sell for well above the IPO price.
SpaceX ring the bell as it launches on the New York Stock Exchange – Nasdaq screengrab
Musk, who is set to become the world’s first trillionaire on the back of the IPO, has touted SpaceX’s ability to build data centers in space as one of the reasons investors should buy into his company.
