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

SpaceX is preparing to price its initial public offering Thursday and start trading Friday, June 12, on Nasdaq under the ticker SPCX. The company plans to sell about 555.6 million shares at $135 each and raise roughly $75 billion. The offering would value Elon Musk’s rocket, satellite internet and AI company at about $1.75 trillion to $1.8 trillion, surpassing Saudi Aramco’s 2019 IPO as the largest stock-market debut on record. Investor demand has exceeded the planned offering, with orders re...