SpaceX, led by Elon Musk, has entered the Nasdaq stock market.
SpaceX, led by Elon Musk, entered the Nasdaq stock market on Friday, June 12, with an offering valued at $177 trillion, making it one of the largest initial public offerings in history.
By selling $75 billion in shares, the company not only set a new record in the market but is also recognized as one of the most valuable companies in America. It is expected that trading of the company’s shares will begin later in the day to maintain a balance between supply and demand.
This offering is considered an important test for Wall Street’s trading infrastructure, and investors are closely monitoring its performance as it could influence the path of future large offerings, especially in the field of artificial intelligence.
Despite SpaceX’s nearly $5 billion loss last year, this offering has solidified Elon Musk’s position as one of the wealthiest individuals in the world. Analysts also believe that the company’s entry into the market could lead to a shift of capital from other tech giants towards this stock.