SpaceX Sets Record IPO Price
SpaceX is poised for a historic IPO with shares priced at $135, valuing the company at an unprecedented $1.77 trillion, making it the largest public offering ever and potentially elevating Elon Musk to the world's first trillionaire. While this monumental IPO aims to raise $75 billion for expanding AI, rocket, and Starlink businesses, research firm Morningstar has already warned that the valuation is "significantly overvalued.