SpaceX Sets IPO Price at $135 per Share, Valuing Company at $1.77 Trillion

SpaceX set its initial public offering price at $135 per share, according to the company's filing. The pricing gives the aerospace manufacturer a valuation of $1.77 trillion, surpassing all previous stock debuts.

The company, founded by Elon Musk, develops rockets and spacecraft for commercial and government missions. SpaceX operates the Falcon 9 rocket and Starship vehicle, along with the Starlink satellite internet service.

The IPO represents a significant milestone for the private space industry. SpaceX has conducted dozens of orbital launches and resupply missions to the International Space Station.