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SpaceX raised $10bn (£7.5bn) more than initially thought when it sold shares to the public on Friday - bringing in a total of $85.7bn. Elon Musk's rocket and Artificial Intellgience (AI) company pulled off the biggest initial public offering (IPO) in history when it joined New York's Nasdaq stock exchange last week. The listing had raised $75bn from investors, which Musk told employees will be spent funding a significant growth phase. But the banks which backed the IPO exercised a so-called greenshoe clause, which let them purchase an extra $10bn of SpaceX shares. The extra $10bn raised, revealed in a statement by SpaceX announcing the completion of the listing, would by itself rank as one of the biggest IPOs in history.

Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut Elon Musk on Friday became the world's first trillionaire after shares in his SpaceX rocket company soared during the biggest-ever stock market debut. The Tesla and SpaceX founder comfortably cemented his status as the world's richest man, with his total net worth standing at $1.11tn (£828bn) according to the Bloomberg rich list. It came as the rocket, telecommunications and artificial intelligence (AI) company listed on the Nasdaq stock exchange with a value of $2.2tn. The company said its shares would be offered at $135 each, but trading opened at $150 and briefly reached $176.50 in a show of investor enthusiasm for potential business related to space and companies associated with Musk. SpaceX shares closed on Friday at about $161.

SpaceX's stock market debut has thrust the richest man in the universe into an unexplored frontier of wealth. There are thousands of billionaires across the world. But there is only one trillionaire. Elon Musk became the first person to amass a personal fortune of over $1,000,000,000,000--that's 12 zeros--after shares of his rocket company SpaceX debuted on the Nasdaq stock exchange on Friday. SpaceX's initial public offering on Thursday valued the company at nearly $1.8 trillion, up from its most recent private valuation of around $1.25 trillion.

SpaceX to list on US stock market at $1.77tn valuation in largest ever debut IPO for Elon Musk's company comes in what is predicted to be a banner year for public offerings of AI companies SpaceX will become publicly traded on Friday after nearly two and a half decades as a private company. Executives are slated to ring the bell on Wall Street with the rocket ship maker's historic stock market debut. If all goes to plan, the company's initial public offering (IPO) will mint a valuation of $1.77tn - earning it the designation of the world's largest ever IPO. Elon Musk, the founder and CEO of SpaceX, has a large stake in the company as majority shareholder, so if investors' enthusiasm validates the eye-popping valuation, he would take the title of the world's first-ever trillionaire. Musk is also the CEO of Tesla, which is valued at $1.2tn.

It's how the company has worked from the start. Brian Manning encountered SpaceX's culture of extreme ownership from day one as an engineer at the rocket maker . After a one-hour onboarding session a decade ago, he got his first assignment: Design a small part by the next day. "The way I looked at it is having very clear responsibility, autonomy, and accountability," says Manning, who aced the task and spent about two years at the company. "Rather than hiring people and telling them how to do it, they give people full ownership to make things happen."

Musk's $1.8 trillion SpaceX IPO could be'highly undesirable' for some SpaceX is expected to debut on the United States' public markets on Friday in what will be the largest initial public offering (IPOs). Artificial intelligence (AI) giants OpenAI and Anthropic are also widely expected to go public soon, and thanks to a new rule change by tech stock exchange Nasdaq, individual investors could own stock of these companies when they go public in as soon as 15 business days following its first trading day. SpaceX's IPO is generating buzz among retail investors. The Elon Musk-led company is expected to allocate 20 percent of shares to retail investors and has drawn roughly $70bn in orders, according to the Reuters news agency. Historically, there is a waiting period between when a company goes public and when it is listed on the Nasdaq-100 index and/or S&P 500.

Elon Musk's SpaceX valued at nearly $1.8tn ahead of record share sale SpaceX has raised $75bn (£56bn) from financial firms ahead of it becoming a publicly traded company on Friday, in what is expected to be the highest-value stock listing in history. In a filing with the US Securities and Exchange Commission, the space exploration and artificial intelligence (AI) company said it had sold $75bn in shares priced at $135 each. The share price matches the estimate SpaceX gave last week, leaving the firm's expected initial stock market value to be nearly $1.8tn. At that value, chief executive Elon Musk - already the richest man in the world - is set to become the world's first trillionaire. Once shares start trading, their value could rise or fall depending on how many shares are made available for sale, and how strong the demand is for those shares.

SpaceX's stock market blast-off could be Musk's biggest gamble yet It's 07:25 am, 13 October 2024, at Starbase, near Boca Chica on the Texas side of the US/Mexico border, and on the launch pad stands the biggest rocket ever made. Its engines fire and it climbs into the skies over the Gulf of Mexico to cheers and screams in the SpaceX control room. But the launch is not the main event. What goes up must come down - and how it comes down will become a milestone in space exploration. Seven minutes later, the massive rocket booster that blasted the craft towards space starts falling back to Earth - until its engines reignite as planned.

Is Elon Musk's SpaceX Really Worth $1.75 Trillion? The billionaire spent more than two decades creating a successful space company. Now he's pitching it as an A.I. play. Later this week, Elon Musk's SpaceX is expected to issue stock to investors in what is shaping up to be the biggest initial public offering ever. The company has said it will issue 555,555,555 shares at a price of $135, which would value it at about $1.75 trillion.