Wall Street IPO Mystery Unveiled

SpaceX successfully conducted the largest initial public offering (IPO) in history, raising buy orders that exceeded three times the amount of shares offered. The share price was set at $135 without an official price range, leading to a 19% surge on the first trading day and pushing the company’s valuation into the trillions. Bankers from Goldman Sachs and Morgan Stanley oversaw the six-month process, earning record fees of $500 million. Meanwhile, 70% of the shares were allocated to long-term investors and sovereign wealth funds. This event transformed thousands of the company's employees into millionaires and made SpaceX one of the largest companies in the world.

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