SpaceX pulls off record-breaking IPO
Elon Musk’s SpaceX raised $75 billion in its IPO with a $1.8 trillion valuation, making it the largest ever listing amid expert scrutiny Read Full Article at RT.com
TL;DR
- SpaceX raised $75 billion by pricing 555.6 million shares at $135 each in its IPO.
- The offering established SpaceX as the largest initial public offering on record, surpassing previous listings like Saudi Aramco and Alibaba.
- The valuation of nearly $1.8 trillion makes it significantly larger than its closest rivals, Virgin Galactic and Blue Origin.
- SpaceX's future growth ambitions include orbital data centers, lunar infrastructure, asteroid mining, and cities on Mars.
- Critics question the company's valuation, citing concerns about sustained profitability and high capital expenditure needs.
- Some analysts suggest the valuation is based on overly optimistic assumptions and is detached from fundamentals.
- Concerns have also been raised by investors and senators regarding governance, valuation, and investor protection.