SpaceX (SPCE) IPO Raises $75 Billion at $2 Trillion Valuation

AI Summary

SpaceX (SPCE) achieved a valuation of approximately $2 trillion upon its initial public offering (IPO), making it the sixth most valuable U.S. company. The IPO raised $75 billion, the largest on record, surpassing Alibaba's previous record from 2014 by nearly three times. The offering was priced at $135 per share, with no price range provided for investor demand. Despite reporting a $4.9 billion loss last year, SpaceX's valuation implies a price-to-earnings (P/E) ratio of 112 times its last year's revenue, a reflection of strong demand for its stock.