00:00SpaceX made its historic public debut Friday following a record-breaking $75 billion IPO,
00:06instantly becoming one of the world's most valuable companies.
00:09Shares opened at $150 after pricing at $135 and surged as much as 31%,
00:15giving the company a market value of more than $2 trillion.
00:19Demand was unprecedented, drawing more than $350 billion in orders from retail investors,
00:25institutions and sovereign wealth funds.
00:27The frenzy was so intense that nearly one-third of institutional bidders received no shares at all.
00:32While SpaceX executives celebrated at the NASDAQ in New York,
00:35Elon Musk stayed in Starbase in Texas, live streaming his reaction
00:39as the company he founded in a California warehouse became the largest IPO in history.
00:44The blockbuster debut is also a major win for the broader tech sector,
00:48reinforcing investor appetite for AI, infrastructure and an ambitious growth story.
00:53SpaceX lost nearly $5 billion last year,
00:55but after adding hundreds of billions of dollars in market value on day one,
00:59investors sent a clear message.
01:00They're still willing to bet on Elon Musk.
01:03On this website, we've got the details.
01:03Obviously to publish.
Comments