SpaceX's record-breaking Nasdaq IPO boosts Elon Musk's fortune
SpaceX debuted on the Nasdaq on June 12, with shares rising 18% to $160. The IPO, which raised $75 billion and valued the company at $2.09 trillion, is the largest ever, pushing Elon Musk's fortune to $1 trillion.
SpaceX made its debut on the Nasdaq stock exchange on Friday, June 12, with an initial public offering that saw its shares priced at $135. Following its listing, the stock surged by 18% to $160 per share. The space exploration company's valuation now stands at $2.09 trillion after raising $75 billion through the sale of 555,555,555 shares. This event marks the largest IPO in history, surpassing the previous record held by Saudi oil giant Aramco. The successful market entry has reportedly propelled Elon Musk's personal fortune to $1 trillion.
Sources: Le Monde