Elon Musk’s rocket company said it would sell more than 555 million shares at $135 each in its blockbuster initial public offering, which is set to begin trading on Friday.
SpaceX on Thursday night raised $75 billion in its IPO, valuing Elon Musk's company at around $1.77 trillion. Why it matters: This is the largest U.S. IPO ever, at least until Anthropic and OpenAI go public later this year, and makes SpaceX one of the world's most valuable companies. Zoom in: SpaceX sold 555.56 million shares at $135 each, as expected. - Reports say the offering was very oversubscribed, including by retail investors who were allocated an unusually large number of shares. By the numbers: Musk didn't sell any shares in the offering, which valued his position at over $866 billion. - He's now the world's first trillionaire, at least on paper, when his Tesla holdings are added. Look ahead: SpaceX is expected to begin trading…
SpaceX on Thursday night raised $75 billion in its IPO, valuing Elon Musk's company at around $1.77 trillion. Why it matters: This is the largest U.S. IPO ever, at least until Anthropic and OpenAI go public later this year, and makes SpaceX one of the world's most valuable companies. Zoom in: SpaceX sold 555.56 million shares at $135 each, as expected. - Reports say the offering was very oversubscribed, including by retail investors who were allocated an unusually large number of shares. By the numbers: Musk didn't sell any shares in the offering, which valued his position at over $866 billion. - He's now the world's first trillionaire, at least on paper, when his Tesla holdings are added. Look ahead: SpaceX is expected to begin trading…Open
The deal to ship 250,000 barrels of fuel to Cuba could have eased an energy crisis. But the Trump administration says Vanguard Energy lacks the authorization to proceed.
President Trump had previously been amping up his rhetoric against Iran.
President Trump had previously been amping up his rhetoric against Iran.Open
The announcement follows Trump's decision to nominate an ally and political attack dog to serve as acting director. The pick sparked a backlash that doomed efforts to renew a key intelligence tool.
The announcement follows Trump's decision to nominate an ally and political attack dog to serve as acting director. The pick sparked a backlash that doomed efforts to renew a key intelligence tool.Open
SpaceX will not raise money from investors in China and Hong Kong. Others firms, like OpenAI, may follow suit.
The towering claw will be the site of an Ultimate Fighting Championship cage match on Sunday, which is President Trump’s 80th birthday.
As UFC fans descend on Washington, D.C., for Freedom 250 on Sunday and events surrounding it, security will be strict, according to the top Secret Service agent for D.C.
"Toy Story 5" is earning rave initial reactions, with some of the film press calling it emotional, funny, genuinely warm, and perfect in every way.
Our founding creed has always had its critics.