Elon Musk's SpaceX Is Going Public: Live Updates About What This Means for You
An odd amalgamation of Elon Musk's projects not named Tesla is about to become one of the world's largest publicly traded companies. And while the name SpaceX brings to mind the firm's rockets, it also includes an internet provider, a social media site and (naturally) an AI developer.
SpaceX's initial public offering is expected to be the biggest ever in terms of money raised, with $75 billion in shares going on sale to value the company at roughly $1.75 trillion. By comparison, oil giant Saudi Aramco's 2019 IPO raised more than $25 billion at a valuation of about $1.87 trillion.
SpaceX's IPO isn't just a landmark event in financial history, but tech history, too. While big AI names like Google and Meta have long been public, Musk's megacorporation includes the first major AI company to go public. This should give investors and the general public new insights into how well...
Copyright of this story solely belongs to cnet.com. To see the full text click HERE
