New York: SpaceX has raised $75 billion ahead of its highly anticipated stock market debut, in what is expected to become the largest public listing in history. According to regulatory filings, the company sold shares at $135 each, giving it an estimated market valuation of nearly $1.8 trillion.
The listing is set to take place on the Nasdaq, with only five per cent of the company’s shares initially being offered to investors. If the stock trades at or above its offering price, SpaceX will instantly rank among the world’s most valuable publicly traded companies.
The move could further boost the wealth of Elon Musk, who retains significant control over the company through special voting rights. Analysts say strong investor interest is expected due to SpaceX’s leadership in space technology, artificial intelligence and satellite communications.
Despite the excitement, some experts have cautioned that the company’s valuation reflects extremely high expectations about future growth. Investors will closely watch the stock’s performance when trading begins, viewing the IPO as a major test for other high-value technology firms considering public listings.
