SpaceX’s initial public offering becomes the largest ever, valuing the company at $1.77 trillion and securing its place among top US firms.
SpaceX completed its highly anticipated Nasdaq debut, raising $75bn in the largest initial public offering on record. The company’s valuation surged to $1.77 trillion, making it the seventh-largest firm in the US by market capitalization.
Demand for SpaceX shares exceeded expectations, surpassing prior IPO benchmarks. The offering follows months of speculation and positions the aerospace firm alongside tech giants in market influence.
Shares opened strongly, reflecting investor enthusiasm for the company’s growth prospects in commercial space exploration and satellite technology.