SpaceX blasts off with a record-breaking $75 billion IPO
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SpaceX's mega-rocket Starship makes a test flight from Starbase, Texas, on May 22.
Key facts
With its IPO price of $135, SpaceX's valuation soared to around $1.75 trillion, making it one of the 10 biggest listed companies on Earth
In an announcement posted online, SpaceX confirmed the pricing of its IPO of 555,555,555 shares at $135 each
Elon Musk's mega-conglomerate SpaceX made history on Thursday, raising $75 billion in the biggest initial public offering on record
But Bochanis notes that Tesla's share price, and profits in 2025, took a hit when Musk turned his focus last year to leading DOGE, President Trump's controversial effort to ostensibly make government
Summary
Elon Musk's mega-conglomerate SpaceX made history on Thursday, raising $75 billion in the biggest initial public offering on record. In an announcement posted online, SpaceX confirmed the pricing of its IPO of 555,555,555 shares at $135 each. The stock is expected to start trading publicly on Friday under the ticker SPCX. SpaceX acquired Musk's AI company, xAI, this year, and that makes it part of a trio of huge artificial intelligence-related IPOs in the works.