SPACEX RAISES $75 BILLION IN RECORD IPO WITH $350 BILLION IN DEMAND

SpaceX completed a $75 billion initial public offering, marking the largest IPO on record. The company sold 555.6 million shares at $135 per share. The offering drew more than $350 billion in demand from institutional and retail investors. SpaceX is preparing for its Nasdaq debut following the capital raise.

The exceptional demand for SpaceX shares reflects investor appetite for the aerospace and space technology sector. Institutional investors and retail participants both participated in the oversubscribed offering. The $75 billion raised significantly exceeds previous IPO records, underscoring the scale of investor interest in the company's operations and growth prospects. The share price of $135 was set within the expected pricing range.

The IPO proceeds will support SpaceX's ongoing operations and strategic initiatives. The company's transition to public markets follows years of private funding rounds and commercial space contracts. The offering establishes SpaceX as one of the largest publicly traded companies by market capitalisation at debut. The Nasdaq listing will increase the company's access to capital markets and broaden its investor base.