SpaceX (SPCX) IPO Raises $75 Billion, Values Company at $1.77 Trillion
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX is raising $75 billion through an IPO, selling 555.6 million shares at $135 each, according to an SEC filing. This values the company at $1.77 trillion, making it the seventh most valuable U.S. company, above Tesla (TSLA). SpaceX's revenue for the first quarter increased by 15%, reaching $4.69 billion, while total revenue for the previous year rose by 33% to $18.67 billion. The company reported a net loss of $4.28 billion for the latest quarter and faces a cumulative deficit of around $41.3 billion since its inception.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Tesla Inc. (TSLA)
Tesla is the leading electric-vehicle maker, also building energy-storage systems, solar products, and autonomous-driving and robotics technology.
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