SpaceX Sets Record IPO Price

By Pat Chen

SpaceX is poised for a historic IPO with shares priced at $135, valuing the company at an unprecedented $1.77 trillion, making it the largest public offering ever and potentially elevating Elon Musk to the world's first trillionaire. While this monumental IPO aims to raise $75 billion for expanding AI, rocket, and Starlink businesses, research firm Morningstar has already warned that the valuation is "significantly overvalued.

Elon Musk's SpaceX has set its initial public offering (IPO) price at $135 per share, valuing the company at $1.77 trillion, making it the largest IPO ever.
This record-breaking valuation surpasses Saudi Aramco's 2019 IPO, as reported by CBS News, and positions SpaceX among the most valuable public companies.
The IPO could raise up to $75 billion, setting the stage for Elon Musk to become the world's first trillionaire, according to PBS.
SpaceX plans to use the proceeds to expand its AI and rocket businesses, and to enhance its Starlink Mobile satellite constellation.
The company is expected to list on Nasdaq under the symbol "SPCX" and could begin trading as early as the end of next week, as noted by the Los Angeles Times.
While enthusiasm is high, research firm Morningstar has warned that SpaceX's $1.77 trillion valuation is "significantly overvalued," pegging its fair value at $780 billion.