SpaceX raises $106 billion in biggest US IPO ever
SpaceX has completed the largest IPO in US history, raising $106 billion and securing a $2.51 trillion valuation, making Elon Musk’s space company one of the world’s most valuable businesses.
SpaceX has priced the biggest-ever US initial public offering at US$135 (AU$191.5) per share, making Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies.
The IPO raised a record US$75 billion (AU$106 billion) on the sale of 555.56 million shares, valuing the space, satellite and AI provider at US$1.77 trillion (AU$2.51 trillion), a record for an initial offering.
Thursday’s pricing caps off a months-long effort that realised Musk’s most ambitious project yet, even as he stood a handful of financial traditions on their head, and as some analysts question whether its lofty valuation is justified.
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