SpaceX is now public

SpaceX became a publicly traded company on June 12th, initiating trading on the Nasdaq exchange. The initial public offering (IPO) set a "take-it-or-leave-it" price of $135 per share, though retail investors are expected to incur higher costs. This move marks a significant event in the financial markets, with the rocket venture led by Elon Musk undergoing one of the most anticipated and debated public offerings in history. The IPO's valuation is reported to be $175 billion, with the company aiming to raise $7 billion through the sale of 51.8 million shares. This public listing is expected to provide SpaceX with substantial capital to fuel its ambitious projects, including the Starship program and its Starlink satellite internet constellation. The decision to go public follows years of private investment and rapid growth for the aerospace company, which has achieved numerous milestones in space exploration and launch services since its founding in 2002. The offering's success will be closely watched as a barometer for investor appetite in high-growth, capital-intensive technology sectors.