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

SpaceX began trading on Nasdaq under the ticker SPCX on June 12 after pricing 555.6 million shares at $135 each, raising about $75 billion in the largest initial public offering on record and valuing the company at roughly $1.77 trillion before trading opened. The debut exceeded Saudi Aramco’s $29.4 billion 2019 listing and brought public investors into a combined business that includes rockets, Starlink satellite internet, xAI and X. Shares opened at $150 and closed near $161, about 19% abov...