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

SpaceX raised $75 billion in the largest initial public offering on record, pricing shares at $135 and valuing the company at about $1.77 trillion in the IPO. The stock began trading on Nasdaq on Friday, opened at $150, rose as high as $176.52 intraday, and closed at $160.95, about 19% above the offer price, giving SpaceX a market value of about $2.1 trillion. The debut lifted Elon Musk’s paper net worth above $1 trillion because of his large SpaceX holding, according to calculations cited by...