SpaceX IPO Sees Strong Interest
The initial public offering (IPO) of SpaceX attracted significant investor interest, with purchase orders exceeding $10 billion, and the stock priced at $135 per share. It is scheduled to offer 555.6 million shares, which will raise approximately $75 billion and raise the company's valuation to around $1.8 trillion. This is expected to be the largest IPO in history, surpassing Saudi Aramco's offering. The company is exploring new revenue streams, most notably a deal with Google valued at $920 million per month, extending through 2029.
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