SpaceX IPO Sets Record With $75 Billion Raise

SpaceX has priced its IPO at $135 per share, raising $75 billion at an implied valuation of about $1.8 trillion, making it the largest IPO on record. Reported demand exceeded $250 billion, leaving the offering roughly four times oversubscribed. The company is allocating up to 30% of shares to retail investors, a larger share than is typical for major IPOs. Before trading begins, New Street Research issued a $165 price target, while investor Jim Chanos criticized the offering as being driven by future expectations rather than proven results. Investors will now watch how shares perform when trading starts.