SpaceX completes record-breaking initial public offering on Nasdaq

SpaceX has finalized the largest initial public offering (IPO) in history, raising $75 billion by offering 555.6 million shares at a price of $135 each. The valuation of the company stands at approximately $1.77 trillion, with the potential to reach $1.8 trillion if additional stock options are exercised. This offering surpasses the previous record set by Saudi Aramco in 2019, which raised $29.4 billion. Trading is set to commence on the Nasdaq under the ticker symbol SPCX, with demand from institutional and retail investors reportedly exceeding available shares by more than four times. While some reports suggest Elon Musk has reached trillionaire status following this milestone, other sources emphasize the market debut's mechanics and massive institutional interest. Market participants in derivative and futures platforms anticipate a potential share price surge of over 35% on the first day of trading. The IPO ceremony is scheduled at the Nasdaq headquarters in Times Square, New York.