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SpaceX IPO raises $106 billion in record-breaking market debut for Elon Musk’s space and AI business

SpaceX IPO raises $106 billion in record-breaking market debut for Elon Musk’s space and AI business

New York | SpaceX has raised $US75 billion ($106 billion) in the biggest-ever IPO, launching it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world’s first trillionaire.

The company sold 555.6 million shares at $US135 each, according to a US regulatory filing and posted in a statement on its website on Thursday (Friday AEST). SpaceX’s IPO is more than double the size of Saudi Aramco’s $US29.4 billion listing in 2019.

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Bloomberg

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