Welcome to SpaceX day.
The rocket maker is set to make its stock-market debut in the largest IPO ever – and perhaps the most closely watched
Most Read from The Wall Street Journal Launch conditions are favorable for it. Stock indexes around the world are in positive territory and U.S. stocks opened mostly higher. Oil prices are at their lowest since the early days of the Iran war on hopes of a peace deal.
The IPO has shattered records, with SpaceX raising $75 billion, selling 555.6 million shares at $135 each. It stands to make Elon Musk the world’s first trillionaire. The rocket maker, which derives most of its revenue from its satellite internet unit and has a nascent artificial-intelligence business, will trade under the ticker SPCX.