Trading in shares of Elon Musk’s rocket ship company SpaceX blasted off on Friday, marking the dramatic debut of the biggest initial public offering in history.
Late on Thursday, SpaceX priced 555.6 million shares at $135 each – under the ticker SPCX – instantly valuing the company at $1.77 trillion dollars.
This would make SpaceX the seventh most valuable US public company, worth substantially more than Musk’s side gig, Tesla.
With around $75 billion in stock being floated on the Nasdaq today, the debut will create 4,000 new millionaires.
A lucky inner circle of around 400 employees stand to earn as much as $100
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