SpaceX is public: Everything you need to know post-IPO

TechCrunch
SpaceX successfully launched the largest IPO in history, raising $75 billion and trading strongly on its debut day on the Nasdaq.

Summary

SpaceX has completed the largest initial public offering in history, raising $75 billion by pricing 555.6 million shares at $135 each. Following its debut on the Nasdaq, shares saw significant growth, closing up 19% on the first day. The IPO filing revealed deep insights into the company’s finances, including over $37 billion in historical losses and the central influence of CEO Elon Musk, who retains approximately 85.1% of voting power. The event has sparked discussions regarding potential future mergers, notable gains for investment banks, and the creation of thousands of new employee millionaires.

(Source:TechCrunch)