TLDR · BIG TECH & STARTUPS

SPACEX SETS PRICE FOR THE WORLD'S LARGEST IPO

links.tldrnewsletter.com5 min read

Summary from the TLDR newsletter

SpaceX has set a price of $135 for its initial public offering, putting the company's value at $1.77 trillion. The company aims to raise $74.4 billion from the offering, which is set to be the largest IPO ever. Its stock is likely to begin trading on the NASDAQ next week under the ticker symbol SPCX. SpaceX plans to use the money it raises to fund various moonshots, including putting AI data centers into orbit, building a lunar factory, and sending humans to Mars.