Elon Musk's SpaceX soars 20% in blockbuster Nasdaq debut
SpaceX completed a record-breaking IPO on the Nasdaq, raising $75 billion and achieving a valuation of $1.8 trillion. The company's stock debut highlights its dominance in the commercial space sector and its significant bitcoin holdings.
Why it matters
This IPO represents a massive shift in the aerospace industry, allowing public investors to participate in the growth of satellite internet and reusable rocket technology.
The aerospace and satellite internet company priced its initial public offering at $135 per share on Thursday. SpaceX sold 555.6 million shares, raising $75 billion in what stands as the largest IPO ever.
The article reports on financial market data and company performance metrics in a factual manner.
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