What Happened
Rocket Maker Aims for Record-Breaking Debut
SpaceX is poised to make history with its initial public offering, aiming to raise $80 billion or more and potentially reaching a market value of $1.71 trillion. This would not only be the largest IPO in terms of funds raised but also surpass the previous record for valuation of a newly public company set by Aramco in 2019. The move is expected to test the law of demand and may have significant implications for the space industry, according to The Wall Street Journal.