SpaceX raises $75B selling 555.6 million shares at $135 valuing $1.78T
Business
SpaceX, the Elon Musk-led aerospace and technology company, just made history with a huge IPO, raising $75 billion by selling 555.6 million Class A common shares priced at $135 each.
The company is now valued at about $1.78 trillion, putting it among the biggest IPOs ever.
SPCX lists on Nasdaq, pays $25.5 million
SpaceX shares are officially trading on the Nasdaq under the ticker SPCX, and investor buzz is strong.
Going public wasn't simple: legal fees and expenses totaled $25.5 million, with top law firms involved to handle all the global paperwork.
The European retail tranche reached investors in Germany and Sweden, and there was also a separate UK retail offering, showing how SpaceX's reach goes way beyond just the US.