SpaceX officially prices shares at $135 in the largest IPO ever

SpaceX has officially priced its shares at $135, setting the stage for the largest initial public offering (IPO) in history. The company, formally known as Space Exploration Technologies Corp., has raised $75 billion from the sale of 555.6 million shares to its underwriters. This significantly surpasses Saudi Aramco's $24.9 billion IPO in 2019 and is expected to make Elon Musk the world's first trillionaire. The company will trade under the ticker symbol SPCX.

Trading for SpaceX shares is set to begin soon, with market watchers anticipating a potential 20% surge, often referred to as an "IPO pop," on the first day. This expectation is fueled by strong interest from both institutional and individual investors, with anecdotal reports suggesting high demand. Should the offering be oversubscribed, the company has the option to release an additional 83.3 million shares, which could generate an extra $11 billion.

Despite the immediate excitement surrounding the IPO, long-term questions remain about how SpaceX will sustain its substantial valuation. The company has an ambitious agenda, including continued development of the world's largest reusable rocket and plans for a new American chip fabrication facility. These engineering endeavors highlight SpaceX's commitment to innovation but also underscore the significant challenges ahead.