SpaceX IPO Valuation Set at $135 per Share with $1.77 Trillion Target

AI Summary

SpaceX has set its initial public offering price at $135 per share, valuing the company at approximately $1.77 trillion. Shares opened at $150 and subsequently increased by over 25%, peaking at $176.52. The company is allocating around 20% of shares to retail investors, which is significantly higher than the traditional range of 5-10%. This IPO is expected to attract substantial retail interest despite concerns about the high valuation, potentially affecting market dynamics surrounding other anticipated offerings such as Anthropic and OpenAI.