India, June 12 -- Much-awaited shares of Space Exploration Technologies Corp. (SPCX) have finally begun trading on the Nasdaq at $135 per share following the company's initial public offering (IPO) of 555.56 million Class A common shares, priced at $135 each. However, a recent Wall Street Journal report suggests that the stock's opening price could be revised upward to between $170 and $175.
The Texas-based company raised a record-breaking $75 billion through the IPO, achieving a market capitalization of approximately $1.77 trillion. The milestone makes SpaceX the seventh most valuable company in the United States and turns its Chief Executive Officer, Elon Musk, into the world's first trillionaire.
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