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Tren Griffin: SpaceX sets IPO price at $135 a share, aiming to raise $75 billion
Tren Griffin reports that SpaceX has confirmed its initial public offering price at $135 per share and plans to sell more than 555 million shares. This offering is expected to raise around $75 billion, bringing SpaceX's overall valuation to $1.77 trillion. The previous record for largest IPO was held by Saudi Aramco.
Griffin has previously commented on other large-scale capital moves. He recently noted DELL’s unexpected 34.5 percent after-hours stock jump, which brought its market cap to $205.95 billion (article). In an earlier report, Griffin highlighted the potential $119 billion cost of Elon Musk’s Terafab chip factory in Texas (article).
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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