business
Elon Musk's SpaceX prices shares at $135, raising $75 billion in largest-ever IPO
Key takeaways
- Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years.
- The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily topping Saudi Aramco's $30 billion in 2019.
- The Elon Musk-led aerospace and satellite company is expected to begin trading on Nasdaq on Friday under the ticker SPCX, giving public investors their first opportunity to buy shares.
Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years.
The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily topping Saudi Aramco's $30 billion in 2019.
The Elon Musk-led aerospace and satellite company is expected to begin trading on Nasdaq on Friday under the ticker SPCX, giving public investors their first opportunity to buy shares. Based on the offering price, SpaceX will enter the public markets with a fully-diluted valuation of roughly $1.8 trillion.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Also covered by
Investing.com
Musk’s SpaceX raises $75 billion in largest IPO ever
TechCrunch AI
SpaceX officially prices shares at $135 in the largest IPO ever
Investing.com
Musk’s SpaceX prices record $75 billion IPO at $135 a share
Investing.com
SpaceX prices historic IPO at $135/share in largest ever new listing
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop