SpaceX goes public for $75 billion (~RM304.3 trillion) and becomes the world’s biggest IPO in history

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SpaceX recently announced that their IPO (International Public Offering) managed to collect $75 billion (~RM304.3 trillion). This has been recorded as the biggest IPO in world history yet. Previously, this record was held by Saudi Aramco at $29.4 billion, but the gap between the two companies is huge.  

 

Another World’s First

SpaceX initially set the IPO at $135 per share at 555.56 million shares. Because of this, Elon Musk’s net worth reached $1.1 trillion , making him the world’s first trillionaire as well. He was recently noted for suggesting that AI data centers be built in outer space, allowing them to save on energy and cooling costs. 

Perhaps the future possibility of space AI data centers is one of the reasons for the record SpaceX IPO? What do you think? Share your thoughts in the comments below and stay tuned to TechNave.com