SpaceX stock soars 19% on first day of trading following record-breaking $75 billion IPO
Headline from CBS News, on the newest of 2 developments
SpaceX's stock closed the day at $160.95 after making its debut on the Nasdaq exchange.
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Developments in this update
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SpaceX raised $75B in record IPO – here’s why insiders like Elon Musk are much likelier than public stock buyers to get rocket-powered returns these days
Headline from The Conversation US ·
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SpaceX stock soars 19% on first day of trading following record-breaking $75 billion IPO
Elon Musk's rocket company, known for its Starlink satellites, aims to raise a record $75 billion at a staggering $1.8 trillion valuation when its stock prices around $135 a share late Thursday and begins trading on the Nasdaq on Friday under the ticker SPCX.
The market has seen some jarring losses in recent days, but that could bode well for SpaceX, as investors use profits to fuel stock purchases when it IPOs.
The stock market debut of SpaceX (Elon Musk's rocket, satellite and company) expected Friday, could be the biggest in history. Here are the key numbers.
NEW YORK >> Elon Musk’s SpaceX has drawn more than $250 billion of investor demand for what stands to be the largest-ever IPO, said people familiar with the matter on Tuesday, dwarfing the $75 billion the firm is seeking to raise.
Elon Musk’s SpaceX -- rocket manufacturer, satellite internet service provider, AI firm and owner of X (aka Twitter) all rolled into one -- has officially set a record for the biggest IPO in history with its initial stock pricing.
Many Elon Musk fans hoping to buy a piece of SpaceX will be out of luck on Friday when the rocket firm makes its record-setting public debut, according to a report.
Elon Musk's rocket company, recently merged with xAI, is aiming to raise $75 billion in its initial public stock offering. It's the first of a trio of mega-IPOs from AI companies expected this year.
Elon Musk’s SpaceX has officially priced its record initial public offering at $135 per share, catapulting the rocket firm among the world’s most valuable companies ahead of its Friday debut.
SpaceX is seeking to sell 555 million shares at $135 each, raising $75 billion and valuing the rocket maker at $1.77 trillion — making it one of the largest public companies.
In the old days, companies went public early to access cash to grow. These days, soon-to-be-public companies are already flush with cash from private finance.
SpaceX opened trading Friday at $150 per share under the ticker SPCX following the largest IPO in history, with shares quickly climbing above $160 and pushing the company's market capitalization beyond $2 trillion.
