SpaceX, the aerospace company founded by Elon Musk, has completed the largest initial public offering (IPO) in history, raising approximately $75 billion by selling 555.6 million shares at $135 each.

Trading of SpaceX shares on the Nasdaq will begin on June 12. The company is valued at $1.77 trillion in the offering. According to dpa, Musk's net worth, including his stakes in SpaceX and Tesla, could exceed $1 trillion based on this valuation.

The previous IPO record was held by Saudi Aramco, which raised about $29 billion in 2019. NBC News reports that SpaceX plans to allocate about 30% of shares to retail investors, significantly higher than the typical 10%.

Despite the record offering, SpaceX reported a loss of $4.94 billion last year on revenue of $18.67 billion. In the first quarter of this year, the company posted a loss of $4.28 billion on revenue of $4.7 billion. High development costs for the Starship rocket, totaling over $15 billion, are cited as a major factor for the losses.

Source: kun.uz