SpaceX IPO: Live updates on everything you need to know
TechCrunch's live coverage tracks SpaceX's initial public offering, the largest in history. The company priced 555.6 million shares at 135 dollars each to raise 75 billion dollars, a deal set to make CEO Elon Musk the world's first trillionaire. Shares opened at 150 dollars on the Nasdaq, soared as much as 30% in midday trading and closed at 160.95 dollars, up 19%.
Key Takeaways
- TechCrunch has followed SpaceX's start, struggles, and successes from the early days.
- Robinhood said it has seen "record-breaking traffic on its trading platform in the hours after SpaceX's historic public markets debut.
SpaceX COO Gwynne Shotwell was interviewed by CNBC on Friday and among the many interesting comments she made, here is one that might get the attention of Tesla shareholders.
- This is a provision in an IPO underwriting agreement that lets underwriters to sell up to 15% more shares than originally planned if demand is strong.
- That's only a fraction of the more than $37 billion lost since SpaceX's inception.
- And we're here for what happens next too.
Stats & Key Facts
- #The company priced 555.6 million shares at 135 dollars each to raise 75 billion dollars, a deal set to make CEO Elon Musk the world's first trillionaire.
- #Shares opened at 150 dollars on the Nasdaq, soared as much as 30% in midday trading and closed at 160.95 dollars, up 19%.
- #The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history.
- #The latest on the SpaceX IPO SpaceX shares opened at $150 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history.
TechCrunch has followed SpaceX's start, struggles, and successes from the early days. And we're here for what happens next too. This package of SpaceX IPO coverage includes who stands to win (and maybe some who won't), pre-IPO deals, and what's tucked inside its S-1 registration document.
SpaceX has captured the attention of media, investors, and the public for years now - interest propelled by the company's reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it's because of the sheer size of this IPO.
The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. At this price, the deal also looks set to make Musk the world's first trillionaire. TechCrunch has followed SpaceX's start, struggles, and successes from the early days.
For more details please read the original article at TechCrunch AI.
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