Slavyangrad
@slavyangrad
Elon Musk's company SpaceX conducted the largest IPO in the history of th…
Elon Musk's company SpaceX conducted the largest IPO in the history of the global stock market, raising $75 billion, according to Bloomberg and Reuters. Following the placement, the company was valued at $1.77 trillion and became the seventh most valuable public company in the US. In terms of capitalization, it surpassed Tesla (also owned by Musk), Meta, and JPMorgan. The shares were priced at $135 each. The demand for them was 3.5-4 times higher than the supply, and the company for the first time opened a significant portion of the placement to private investors. Investors bet not only on SpaceX's space business and the Starlink satellite network, but also on projects in the field of artificial intelligence. After merging with xAI, the company positions itself as a player in the markets of space, satellite communications, and AI simultaneously. This was one of the main arguments in favor of the record valuation. @Slavyangrad
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