SpaceX prices shares at $135 in the largest IPO ever
SpaceX raised $75 billion from its share sale and will trade on Nasdaq under the ticker SPCX.
What happened
SpaceX priced its IPO at $135 per share.
- 555.6 million shares were sold.
- The company raised $75 billion.
- It trades on Nasdaq under the ticker SPCX.
Why it matters
It's the largest IPO in history. The previous record was Saudi Aramco, which raised $24.9 billion in 2019.
Also
- Underwriters have an option on 83.3 million more shares, worth about $11 billion.
- Bloomberg reported the offering was more than four times oversubscribed.
Founder and editor-in-chief of Kurd Developers. Phone and tech news on YouTube, Instagram and TikTok.
More stories
One text can break your phone: Android's 'SMS of Death' explained
A flaw in Android 12 and later lets a specially crafted SMS drop calls and even make a phone unusable. The fix is in October's security patch.
GTA VI lands November 19: prices, editions and what to know
Rockstar has locked the date: Thursday, November 19 on PS5 and Xbox Series X|S. Standard costs $79.99 and Ultimate $99.99.
Apple's first touchscreen MacBook Pro brings OLED and Dynamic Island
The new PROLED XDR display responds to touch, the notch is gone and Dynamic Island takes its place. Prices start at $2,899.
The $1,999 iPhone Duo Has a Black-Bar Problem, and Fixing It Is Harder Than It Looks
Apple's first foldable is a hardware flex. But unfold it and many of your apps shrink into a phone-shaped window floating in black. Here's why the app world wasn't ready, and why developers can't just hit "stretch".