SpaceX makes Nasdaq debut at $150, lists at 11% premium to IPO price
New Delhi, June 12 -- Shares of Elon Musk's SpaceX made a healthy debut on Nasdaq on June 12, listing at $150 apiece, an 11% premium to its issue price of $135. The listing marked Wall Street's largest public offering in history and gave the rocket maker a market valuation of approximately $1.96 trillion.
Following its debut, Space Exploration Technologies Corp., as the company is officially known, immediately became the sixth largest publicly listed company in the US. It also emerged as the first of three anticipated "megacap" companies to go public this year, with Anthropic and OpenAI expected to follow.
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Published by HT Digital Content Services with permission from MINT....
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