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SpaceX IPO set for liftoff in record market debut
Elon Musk's SpaceX was set to begin trading on the Nasdaq exchange Friday, with the biggest initial public offering in history expected to make the polarizing entrepreneur the world's first trillionaire.
Summary
Elon Musk's SpaceX was set to begin trading on the Nasdaq exchange Friday, with the biggest initial public offering in history expected to make the polarizing entrepreneur the world's first trillionaire. In a filing with the U.S. markets regulator Thursday, the company priced more than 555 million shares at $135 each, placing SpaceX in the top 10 of Wall Street's biggest companies with a valuation of just under $1.8 trillion—ahead of Tesla, Facebook-owner Meta and Walmart.
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