Elon Musk's SpaceX Sets Record-Valued IPO Amid Heavy Losses
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.
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