SpaceX IPO Raises $75 Billion in Biggest Debut of All Time

SpaceX launched its Initial Public Offering (IPO) on Friday, raising $75 billion and setting a record for the largest debut in history. The aerospace company, founded by Elon Musk, priced 555.6 million shares at $135 each, as stated on its website on Thursday. Despite not currently being profitable, investor interest remains high. Bloomberg's Ed Ludlow noted that many investors anticipate that SpaceX's future profitable ventures, such as establishing data centers in space, could materialize sooner than the company projects. This optimism suggests a strong belief in SpaceX's long-term growth potential and its innovative business strategies.