00:00It's Benzinga, bringing Wall Street to Main Street.
00:02SpaceX priced the largest ever U.S. IPO at $135 per share on Thursday,
00:09raising $75 billion on the sale of 555.56 million shares, according to Reuters.
00:16The offering values Elon Musk's rocket and spacecraft company at $1.77 trillion,
00:22surpassing the previous record set by Saudi Aramco's $25.6 billion IPO in 2019.
00:30SpaceX ranks 7th among U.S.-listed firms and will begin trading on the NASDAQ on Friday.
00:35Musk announced the IPO price before the traditional roadshow process
00:39and will hold 82% of voting power after the offering.
00:43SpaceX was founded in 2002 with a mission to make life multi-planetary and explore the universe
00:48and says its total market opportunity is $28.5 trillion.
00:53For all things money, visit Benzinga.com.
Comments