00:00It's Benzinga, bringing Wall Street to Main Street.
00:02SpaceX completed the largest IPO in history on Friday, raising $75 billion and listing on the
00:08NASDAQ at a fixed price of $135 per share, according to Bloomberg. The company rushed
00:14its IPO to beat the midterm elections, rival AI companies, and Musk's 55th birthday deadline.
00:21The decision to go public came after SpaceX acquired Musk's AI company XAI at a $250
00:26billion valuation, transforming SpaceX into an AI infrastructure player targeting a $26.5
00:32trillion addressable market. Musk and CFO Brett Johnson drove the process at speed,
00:38setting an unprecedented single fixed price rather than a range to make trading faster and more
00:43transparent. Shares climbed as much as 31% before closing at $160.95, giving SpaceX a fully diluted
00:52market value of $2.2 trillion and making Musk the world's first trillionaire.
00:57For all things money, visit Benzinga.com.
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