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SpaceX on Thursday raised $75 billion in its IPO, valuing Elon Musk's company at around $1.77 trillion.
Key facts
SpaceX on Thursday raised $75 billion in its IPO, valuing Elon Musk's company at around $1.77 trillion
SpaceX sold 555.56 million shares at $135 each, as expected
Musk didn't sell any shares in the offering, which valued his position at over $866 billion — This is the largest U.S. IPO ever, at least until Anthropic and OpenAI go public later this year, and makes SpaceX one of the world's most valuable companies
Summary
This is the largest U.S. IPO ever, at least until Anthropic and OpenAI go public later this year, and makes SpaceX one of the world's most valuable companies. SpaceX sold 555.56 million shares at $135 each, as expected. Reports say the offering was oversubscribed, including by retail investors who were allocated an unusually large number of shares. Musk didn't sell any shares in the offering, which valued his position at over $866 billion.