SpaceX (SPCX) Raises $75 Billion in Historic IPO with $1.77 Trillion Valuation

AI Summary

SpaceX (SPCX) began trading after raising $75 billion by selling 555.6 million shares at $135 each, valuing the company at $1.77 trillion. This IPO is the largest in history and positions SpaceX as the seventh most-valuable U.S. company, ahead of Tesla (TSLA). Elon Musk stated that SpaceX has been cash-flow positive since 2015 and aims to fund significant growth phases, including launching over 100,000 satellites and building AI data centers in space. The company has a total deficit of $41.3 billion since its inception in 2002.