SpaceX Raises $75 Billion in the Largest IPO Ever, and the $1.77 Trillion Question Trades Today
New Delhi, June 12 -- The largest initial public offering in financial history is done selling and starts answering questions today. SpaceX priced 555.6 million shares at $135 each on Thursday night, raising $75 billion and valuing Elon Musk's rocket company at $1.77 trillion, CNBC reported, before a single public share has changed hands. Trading begins on the Nasdaq on Friday under the ticker SPCX.
as Eastern Herald reported when the roadshow opened, demand had already reached $250 billion against the shares on offer, an oversubscription that let bankers price at the top of the range and still leave buyers unfilled.
For Musk, the arithmetic crosses a threshold no individual has crossed: his stake makes him, on paper, the world's first ...
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