SpaceX's stock market debut a test of investor appetite ahead of mega AI listings
Shares of Elon Musk's SpaceX cleared for lift-off on the Nasdaq stock exchange in a matter of hours from now, after the largest initial public offering in history. The company sold more than 555 million shares at US$135 apiece, raising about US$75 billion. This values SpaceX at US$1.77 trillion, making it the seventh most valuable US company — just ahead of Tesla, also one of Musk's companies. SpaceX's debut is regarded as a litmus test for investor appetite for AI exposure, ahead of expected mega listings from OpenAI and Anthropic. Nick Harper reports from Washington DC.
Shares of Elon Musk's SpaceX cleared for lift-off on the Nasdaq stock exchange in a matter of hours from now, after the largest initial public offering in history. The company sold more than 555 million shares at US$135 apiece, raising about US$75 billion. This values SpaceX at US$1.77 trillion, making it the seventh most valuable US company — just ahead of Tesla, also one of Musk's companies. SpaceX's debut is regarded as a litmus test for investor appetite for AI exposure, ahead of expected mega listings from OpenAI and Anthropic. Nick Harper reports from Washington DC.
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