What Happened
Record-Breaking IPO Raises $75 Billion For Deep Space Ambitions
SpaceX made a historic debut on Wall Street, with its stock jumping on a record-setting IPO. The company’s shares opened above expectations and climbed throughout the day, settling near $161. The offering raised roughly $75 billion, a milestone that SpaceX hopes will help fund its long-term ambitions, including deep-space travel. Despite the strong debut, analysts caution that the company is still operating at a loss, urging investors to proceed with caution, as reported by CBS News.