SpaceX is not a public company yet, so it is not possible for it to be listed on NASDAQ or any stock exchange through IPO (Initial Public Offering).
Business News: A historic moment has been witnessed in the global tech and space industry, when the much-awaited IPO of SpaceX made a explosive entry in the US stock market. With the listing of the company, an unprecedented jump was seen in the wealth of its founder Elon Musk, due to which he is being claimed to become the world’s first trillionaire. This listing took place on the technology index Nasdaq, where the company’s shares attracted the attention of investors on the very first day.
IPO listing: Strong start and record raising
SpaceX has raised about $ 75 billion (about Rs 6.4 lakh crore) through its IPO, which is considered to be one of the largest IPOs ever in the global market. The company’s shares were listed at $150 per share compared to the issue price of $135, i.e. a premium of about 11%.
The shares reached $176 during trading, causing huge enthusiasm among investors. After this historic listing, the total market valuation of SpaceX has crossed $ 2 trillion (about Rs 170 lakh crore). With this achievement, the company has now joined the ranks of the world’s largest tech companies—like Microsoft and Apple.
Historic surge in Elon Musk’s wealth
The rise in the company’s shares after the listing had a direct impact on Elon Musk’s net worth. According to reports, his wealth increased by more than $188 billion in a single day. After this surge, his total wealth has crossed $ 1.1 trillion (about Rs 94.6 lakh crore). Musk is said to have a stake of about 38% to 42% in SpaceX, which is his major source of wealth.
SpaceX’s historic achievements
SpaceX is not just a space company but has become a symbol of revolution in modern space technology. The company:
- Reusable rocket technology developed
- Expanded Satellite Internet Network (Starlink)
- Strengthened role of private sector in human space missions
These achievements have made it a leader in the global space industry. Shares surged nearly 19% on the first day, making the listing one of the most successful IPOs in Wall Street history.
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