Inside SpaceX and Elon Musk’s $75 billion IPO

SpaceX completed its initial public offering (IPO) on March 15, 2024, valuing the company at $75 billion and marking its debut as a publicly traded entity. This move immediately positioned SpaceX among the most valuable public companies globally. Investors who participated in the IPO saw an immediate 19% return on their investment by the end of the first trading day. The successful offering also propelled founder Elon Musk to become the world's first trillionaire, according to reporting by Ed Ludlow for Bloomberg.