Elon Musk's SpaceX Sets Record-Valued IPO Amid Heavy Losses
Translated & summarized from Channel 13 by baba
SpaceX went public at a record-setting valuation of $1.77 trillion. The company sold 555 million shares at $135 each, despite losses over the past year. The deal further advances Elon Musk toward becoming the world’s first trillionaire.
The story in 5 lines · by baba
- SpaceX went public at the highest initial offering value ever.
- The company is valued at $1.77 trillion.
- It sold 555 million shares at $135 apiece.
- The listing came despite significant losses in the past year.
- The deal moves Elon Musk closer to trillionaire status.
Elon Musk has made history again after his company SpaceX went public at the highest initial offering value ever recorded. The listing came despite significant losses over the past year, and it pushes Musk closer to becoming the world’s first trillionaire.
According to the report, SpaceX now has a market value of $1.77 trillion. The company sold 555 million shares at $135 each in the offering.
The article does not say on which exchange the stock was listed, but it frames the transaction as a major milestone for Musk and his company. The report is attributed to Tzvika Hadarov and was published on Friday evening.
