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Economy⏱️ 1 min read

SpaceX and the largest IPO in history: Musk, first trillionaire

SpaceX and the largest IPO in history: Musk, first trillionaireFoto: AP

SpaceX’s stock market debut became the financial milestone of the year and keeps setting Wall Street’s agenda. The aerospace company’s Initial Public Offering raised US$75 billion, the largest in history, and made Elon Musk the world’s first trillionaire.

The numbers of the operation

  • US$75 billion raised in the placement.
  • Exit price of US$135 per share.
  • Valuation close to US$1.8 trillion.

Why it matters

The operation reflects the market’s appetite for the space and technology sector, and its effect extends across the industry: from satellite logistics to the race for commercial launches. For Latin American markets, it is also a reference for how tech companies are redefining valuation records.

The key figure

US$75 billion. The largest IPO in history, and the figure that made an entrepreneur the planet’s first trillionaire.

Sources

  1. apnews.com
  2. apnews.com
  3. apnews.com
  4. apnews.com