SpaceX Prices IPO at $135 Per Share, Raising $75 Billion

SpaceX has priced its initial public offering (IPO) at $135 per share, raising $75 billion in what has been described as the world's biggest IPO. The deal followed a monthslong effort and drew significant investor demand.

Following the IPO, Elon Musk has become the world's first trillionaire. Musk, an entrepreneur who has become a central figure in internet culture, has amassed a fortune through his leadership of the rockets-to-AI group.

Some analysts have questioned whether the company's valuation is justified. Al Jazeera reported that the $1.8 trillion SpaceX IPO could be “highly undesirable” for some investors, noting that the offering could challenge pension funds as concerns grow regarding the company's valuation and governance structure under Musk.

Despite these concerns, the pricing of the shares at $135 marks the realization of Musk's most ambitious project to date.