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SpaceX's market value hits 1.77 trillion
SpaceX has announced its entry into the stock market with a market capitalization of approximately $1.77 trillion. The company issued around 555.6 million shares at a price of $135 each, raising about $75 billion. This is the largest offering in history and makes Elon Musk the first person to surpass a net worth of $1 trillion, based on his holdings in SpaceX and Tesla, despite the company reporting losses of nearly $5 billion last year. Trading of the shares begins today in the market, with substantial interest in the company's anticipated future growth.
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