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

SpaceX listed on Nasdaq under the ticker SPCX on June 12, pricing 555.6 million shares at $135 each and raising $75 billion in an offering several accounts described as the largest IPO in history. Shares opened at $150, rose as high as $176.52 and closed at $160.95, about 19% above the IPO price, giving SpaceX a market value of roughly $2.1 trillion after its first session. The debut put Elon Musk’s paper wealth at about $1.1 trillion, making him the world’s first trillionaire by those estima...

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