SpaceX officially prices shares at $135 in the largest IPO ever
Summary
SpaceX has officially confirmed an initial public offering (IPO) of $75 billion, pricing 555.6 million shares at $135 each. This historic move makes it the largest IPO ever, surpassing the record set by Saudi Aramco in 2019. The company, which will trade under the ticker symbol SPCX, could potentially raise an additional $11 billion through an over-subscription option. While the market anticipates a strong debut, long-term success depends on the company's ability to sustain its high valuation through its ambitious engineering projects.
(Source:TechCrunch)