SpaceX

Musk is the world’s first trillionaire. Who was the first billionaire?

The milestone suggests a new era has arrived of frenzied market interest in tech and AI

SpaceX's shares were indicated to open around US$175 a share, or about a 30 per cent jump from its US$135 IPO price.

SpaceX set to surge past US$2 trillion valuation in blockbuster Nasdaq debut

SPACEX was on course to blow past US$2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the Elon Musk-led company and putting it on track to become the sixth-large...

SpaceX has made history with the biggest-ever IPO, launching it into the top ranks of the largest public companies.

SpaceX’s record IPO said to draw over US$350 billion in demand

SPACEX’s historic US$75 billion IPO drew more than US$350 billion in demand from institutions and retail investors, according to people familiar with the matter.

News that SpaceX would bar Chinese investors from its IPO was reported earlier by Bloomberg.

China investors being shut out as some American AI firms, including SpaceX, go public: sources

Washington has been focused on keeping artificial intelligence out of China’s reach

SpaceX is not being priced like a traditional aerospace, telecom or defence company. Rather, investors are being asked to buy into Elon Musk’s vision of the future.
COMMENTARY

From moonshot to markets: Understand the mechanics before plunging into SpaceX’s mega IPO

For investors, the more interesting point is not the headline valuation, but what actually comes into the market

Space sector-focused exchange-traded funds can be bought via retail brokerage platforms, similar to US-listed stocks and funds.

As SpaceX scores a record US$75b IPO, retail investors can turn to ETFs for a piece of the space economy

But such funds should not be taken as just a stand-in for owning shares of Elon Musk’s firm, professionals say

Most of Elon Musk’s wealth now rests with SpaceX, where he holds a stake worth roughly US$866 billion.

SpaceX IPO makes Elon Musk the world’s first trillionaire

Elon Musk has co-founded five other companies, including tunnelling startup The Boring Company and brain implant maker Neuralink

SpaceX will rank seventh among US-listed firms when its shares begin trading on the Nasdaq on Jun 12 (US Eastern time).

SpaceX IPO raises US$75 billion in biggest debut of all time

The sale breaks the previous record for the largest-ever IPO held by Saudi Aramco

Retail investors are expected to be allocated at least 20 per cent of the available shares, sources said.

SpaceX IPO draws more than US$70 billion in retail orders

The US$75 billion IPO would be the largest on record