SpaceX IPO: What You Need to Know
The New York Times • • business
Key Points:
- SpaceX is planning its first-ever initial public offering (IPO) this week, aiming to become the world's largest IPO with a valuation of $1.77 trillion at $135 per share.
- The company is offering a larger portion of its shares to everyday investors than is typical in public offerings.
- The IPO could potentially make SpaceX CEO Elon Musk the world's first trillionaire by significantly increasing his net worth.
- Trading of SpaceX shares will begin on Nasdaq on Friday, with the stock price expected to fluctuate as shares are bought and sold on the open market.
- Some analysts express skepticism about further increases in SpaceX's valuation, given its already high price.