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Sharjah24
SpaceX IPO reaches 86B valuation
SpaceX raised $86 billion from its initial public offering after exercising the option to sell additional shares. The total shares sold amounted to 639 million at a price of $135 per share. The offering's value increased significantly, surpassing the previous record set by Saudi Aramco, which raised $25.6 billion in 2019. The net proceeds after commissions are estimated at approximately $85.7 billion, while the company's stock rose by 19.22% in its first trading session.
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