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

SpaceX began trading on Nasdaq under the ticker SPCX after pricing 555.6 million shares at $135 each, raising $75 billion in the largest initial public offering cited by the sources. The stock opened at $150, rose as high as about $176 and closed between $160.95 and $161.50, a roughly 19% first-day gain that lifted SpaceX’s market value above $2 trillion. The listing made SpaceX one of the world’s most valuable public companies and pushed Elon Musk’s paper net worth past $1 trillion, based la...