SpaceX officially prices shares at $135 in the largest IPO ever
Key takeaways
- Space X priced its s 555.6 million shares were priced at $135 each, the company said in an update on its website.
- The company, officially known as Space Exploration Technologies Corp., will trade under the SPCX ticker symbol.
- As active trading gets underway tomorrow, SpaceX s share price may sink or rise.
Why this matters: a development in AI with implications for how people work, create, and decide.
For once, Space X is ahead of schedule: Elon Musk s space and AI conglomerate officially confirmed that it has raised $75 billion from the sale of its shares to its underwriters, who are set to begin marketing the company on the Nasdaq stock exchange Friday.
Space X priced its s 555.6 million shares were priced at $135 each, the company said in an update on its website. That makes Space X officially the largest IPO in history, easily eclipsing the $24.9 billion in funds raised by Saudi Aramco during its 2019 public markets debut. At this price, the deal also looks set to make Musk the world s first trillionaire.
The company, officially known as Space Exploration Technologies Corp., will trade under the SPCX ticker symbol.