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Story summary
- SpaceX set an IPO price of $135 per share, valuing the company at $1.77 trillion.
- The $74.4 billion raise would exceed all U.S. IPOs in the past two years.
- Elon Musk, CEO of SpaceX, would see his 50 percent stake valued at over $860 billion but cannot sell until milestones are met.
- SpaceX will begin Nasdaq trading next week under ticker SPCX, a bellwether for AI offerings such as Anthropic and OpenAI.
