SpaceX launches largest US IPO at $1.77T

SpaceX announced the pricing of the largest initial public offering in U.S. history at $135 per share, resulting in a $75 billion raise and valuing the company at $1.77 trillion. This came after the company set the share price and began trading on the NASDAQ stock exchange, with Elon Musk retaining an 82% voting stake. There are expectations of a strong launch for the U.S. market and the possibility that the company's market value could exceed $28.5 trillion in a market dominated by cloud computing contracts and Starlink services.

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