SpaceX’s historic IPO surprises Wall Street
The launch of SpaceX on the NASDAQ stock exchange is considered the largest initial public offering (IPO) in the world, having raised $75 billion and valuing the company at $1.77 trillion. This makes it the first American company to surpass a trillion dollars in market capitalization upon listing. Despite incurring losses of around $5 billion last year, investors are betting on its capabilities in the space sector, especially given its leadership in over 80% of space launches and its ambitions in satellite internet services. This IPO represents a major test of market confidence in Elon Musk's projects and a potential for rapid growth in the future.
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