SpaceX debuts at $150 after pricing IPO at $135, valuation nears $2 trillion; Musk set to become world’s first trillionaire
SpaceX rose 11 per cent in its Nasdaq debut on Friday, lifting its valuation to about $1.96 trillion as investors piled into the world’s largest IPO and bought into Elon Musk’s sprawling empire spanning rockets, satellite communications and AI to Wall Street.
The stock opened for trading at $150 compared with the IPO price of $135 per share.
The deal was being closely scrutinized because of the stakes for the IPO market, which some bankers said could face difficulties if SpaceX shares close below Thursday’s pricing level.
