SpaceX has officially priced its shares at $135 each, raising $75 billion in the largest IPO in history. The company will trade under the SPCX ticker symbol on the Nasdaq stock exchange. This deal is set to make Elon Musk the world's first trillionaire.
The IPO has attracted significant interest from big institutional investors and individual buyers, with anecdotal reports suggesting that the sale is oversubscribed. If the sale is as successful as expected, the company may bring an additional 83.3 million shares to market, raising another $11 billion.
The biggest beneficiaries of the offering will be Musk himself, as well as other major shareholders including Antonio Gracias and Luke Nosek. The IPO will also deliver significant windfalls to the roughly 400 venture capitalists who backed the company during its two decades as a private entity.
