SpaceX raises $75 billion in record IPO (opens in new tab)

SpaceX priced the largest initial public offering on record, selling about 555.6 million Class A shares at $135 each to raise $75 billion and value the rocket, satellite and AI company at about $1.77 trillion before its Nasdaq debut on Friday under the ticker SPCX. The deal surpasses Saudi Aramco's 2019 listing and, at the IPO price, places SpaceX among the largest public companies in the United States. Founder Elon Musk said SpaceX is going public because it needs capital for plans that incl...