SpaceX officially prices shares at $135 in the largest IPO ever
17 hours ago
- #Stock Market
- #Elon Musk
- #SpaceX IPO
- SpaceX raises $75 billion from share sale ahead of Nasdaq listing, making it the largest IPO in history.
- Shares priced at $135 each, potentially making Elon Musk the world's first trillionaire.
- Unusual early pricing attracted four times the available shares, with an option to sell an additional 83.3 million shares.
- Hyperliquid crypto market prices shares at $167, anticipating a 20% first-day pop.
- Major beneficiaries include Elon Musk, Antonio Gracias, and other key shareholders and venture capitalists.
- Long-term questions remain about justifying the high valuation given SpaceX's ambitious engineering projects.