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SpaceX launches during historic IPO surge
SpaceX has launched its initial public offering (IPO) on the open market, valuing the company at over one trillion dollars after the share price surpassed $160, making it one of the most valuable American companies. The company raised $75 billion by offering 555.6 million shares at $135 each. It plans to invest the proceeds in projects that include deploying more than 100,000 communication satellites and building data centers for artificial intelligence. Currently known for its success in reusable rocket technology, SpaceX is expected to benefit from this offering to achieve significant expansions in space and technology.
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