New york: SpaceX has completed the largest initial public offering in world history, raising a staggering $75 billion and boosting its valuation to $1.77 trillion. This makes it the seventh most valuable publicly traded company in the United States, surpassing giants Tesla and Meta.

According to Thai News Agency, SpaceX, Elon Musk's space technology giant, made history in the global capital market with its initial public offering (IPO) on the Nasdaq stock exchange under the ticker symbol SPCX. The company offered 555.6 million shares at $135 per share, raising a staggering $75 billion. This shattered the record for the largest IPO in history, previously held by Saudi Aramco and Alibaba. As a result, SpaceX's market capitalization soared to $1.77 trillion, making it the 7th most valuable publicly traded company in the world, surpassing Tesla and Meta.

Meanwhile, Elon Musk, who holds a 42% stake, is moving closer to becoming the world's first trillionaire, with his net worth soaring to $970 billion. He also maintains complete control of the company, holding 84% of the voting rights.

Analysts believe that despite the grand launch and expectations that it will spark a recovery in the US IPO market, joining other AI giants like OpenAI and Anthropic which have filed for IPOs in quick succession, brokerage firms remain cautious. They point out that while revenue is expected to grow, SpaceX projects a net loss of $4.94 billion in 2025 due to the costs associated with the xAI merger and the massive research and development expenses for the Starship rocket project. Furthermore, the growth required to reach a valuation of $1.77 trillion will depend on technologies that are not yet viable, such as AI data centers in orbit, which analysts estimate may not be feasible until at least 2028.