News Summary

SpaceX has officially set its initial public offering (IPO) price at $135 per share, making it the largest IPO in history with a valuation of $1.77 trillion. The company, led by Elon Musk, raised $75 billion from the sale of its shares. The IPO attracted significant interest, with retail investors submitting orders exceeding $100 billion and institutional investors like BlackRock placing sizable orders. SpaceX’s innovative approach to pricing and high demand from investors indicate a strong market debut. The IPO will benefit key stakeholders, including Musk and venture capitalists who supported the company through its private phase.