Quick Read – SpaceX completed history’s largest IPO, raising $75 billion at $135 per share before surging 23% on its debut day. – Musk’s 42% SPCX stake and 717 million TSLA shares combine for roughly $1.15 trillion, making him the world’s first trillionaire. – SpaceX burned…
94 billion in Q1 operations, and Musk’s Class B shares hand him 82% voting control over public investors. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn’t make the cut. Grab the names FREE today
Shares of SpaceX (NASDAQ:SPCX) are up 23% in midday trading Friday after the company completed the largest IPO in history. SPCX stock traded near $167, well above the $150 open and the $135 IPO price set Thursday night. This ranks among the most closely watched NASDAQ debuts in years.
The SpaceX session has been volatile by any measure. The day’s range stretched from $150 to the high $160s, capturing the IPO-day churn analysts had warned about heading in. About 555.6 million shares were priced at $135 each, raising a record $75 billion at an IPO valuation near $1.77 trillion that dwarfs every prior listing.