SpaceX to list on US stock market at historic $1.77tn valuation
www.theguardian.com
Initial public offering for aerospace and AI company made Musk the world’s first trillionaire as share prices jumped

SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.

Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn, where it remained through market close.

The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.

  • CorrectAlias@piefed.blahaj.zoneEnglish
    4·
    2 days ago

    SpaceX has not made a profit. Starlink loses them money, too, partially because using LEO has the very wasteful con where the amount of drag makes them fall back to earth.