Elon Musk’s SpaceX IPO: Company Sets Initial Stock Pricing for Biggest-Ever Public Offering at $1.77 Trillion Valuation

By Todd Spangler

Todd Spangler

NY Digital Editor

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Elon Musk’s SpaceX — rocket manufacturer, satellite internet service provider, AI firm and owner of X (aka Twitter) all rolled into one — has officially set a record for the biggest IPO in history with its initial stock pricing.

SpaceX on Thursday confirmed the pricing of its IPO of 555.6 million shares of its Class A common stock, at a public offering price of $135.00/share. That gives it a valuation of around $1.77 trillion; the company raised about $75 billion from the IPO. Shares of the company, which is officially “Space Exploration Technologies Corp.,” are expected to begin trading Friday on Nasdaq Global Select Market and Nasdaq Texas under the symbol “SPCX,” it said.

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