SpaceX's Historic IPO: Musk Poised to Become World's First Trillionaire

SpaceX's monumental IPO, raising $75 billion, positions the company as the first trillion-dollar debut in the U.S. Despite concerns over its profitability, the IPO attracted significant attention, drawing investments from Blackrock and others. The listing could crown Elon Musk as the world's first trillionaire upon trading commencement.

SpaceX's highly anticipated IPO has captured the market's attention, with the company raising a staggering USD75 billion and valuing it at USD1.77 trillion. This historic listing, which sells shares at a fixed USD135 price per share, positions SpaceX as the first U.S. company to reach a trillion-dollar market cap on debut.

The IPO drew significant interest from both retail and institutional investors, including a notable USD5 billion order from Blackrock. This extraordinary event could soon make SpaceX founder Elon Musk the world's first trillionaire as shares begin trading this Friday.

While Musk allocates a larger share to retail investors, concerns loom about SpaceX's valuation, given a USD5 billion loss against USD18 billion revenue last year. Exchanges are under intense scrutiny to manage this massive listing smoothly, aiming to avoid technical mishaps similar to Facebook's 2012 IPO troubles.