SpaceX Lists on Nasdaq in Largest IPO in History

Kathmandu. Elon Musk's company 'SpaceX' has been listed on the American stock exchange Nasdaq. This listing has become the largest 'Initial Public Offering' in world history, BBC mentioned in its news on Friday. The news mentions that this has made the company's founder Elon Musk certain to become the world's first 'trillionaire'. SpaceX aims to raise $75 billion in capital at a rate of $135 per share. This amount is nearly three times more than the record of $25.6 billion set by Saudi oil company Aramco in 2019, the news mentions. The company's shares are expected to trade at $171 per share in the market. This is estimated to bring the company's total market valuation to $2.2 trillion. Musk holds more than 80 percent stake in this company.