SpaceX has raised $75 billion (£56 billion) from financial institutions ahead of its publicly traded debut on Friday, which is believed to be the highest-value stock listing in history. In a filing with the US Securities and Exchange Commission, the space exploration and artificial intelligence (AI) corporation stated that it sold $75 billion in shares at $135 apiece.
The share price matches SpaceX’s forecast from last week, putting the company’s initial stock market valuation at about $1.8 trillion. At that price, CEO Elon Musk, who is already the richest man on the planet, will become the world’s first trillionaire.
Once shares begin trading, their value may rise or decline based on the number of shares made available for sale and the level of demand for those shares. If SpaceX’s shares trade at or over $135 when trading begins on Friday, it will become one of the world’s most valuable public corporations.
However, it is up to investors to determine if they believe the shares are worth that much. Interest in taking a stake in SpaceX among investment funds and individuals, sometimes known as “retail investors,” is expected to be significant.
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