SpaceX has priced its initial public offering at $135 a share, a milestone that pushes Elon Musk's personal wealth past $750 billion. The heavily anticipated sale ends years of speculation about when the rocket-and-satellite company would go public.
The $135 price tag
The offering price lands at $135 per share. That figure is the final number after a book-building process, though SpaceX didn't disclose the number of shares on offer or the total amount raised. The pricing implies a valuation that vaults the company into the very top tier of US publicly traded firms, though the exact market capitalization will depend on the number of outstanding shares after the offering.
A new wealth milestone
Musk, who is SpaceX's founder and largest shareholder, sees his net worth cross the $750 billion threshold on paper thanks to the IPO. The figure dwarfs the wealth of any other individual, though much of it remains tied to the equity he holds in SpaceX, Tesla, and his other ventures. The stock will likely determine how much of that paper wealth he can actually tap.
What happens next
Shares are expected to begin trading in the coming days. The exchange and exact first-trade date haven't been announced, but IPO investors will be watching for any signs of the retail frenzy that has marked other high-profile debuts. For Musk, the public listing also introduces new quarterly scrutiny from Wall Street analysts, a pressure the company hasn't faced as a private entity.
