Elon Musk's SpaceX valued at nearly $1.8tn ahead of record share sale

SpaceX is poised for a record-breaking stock listing on Friday, with shares expected to trade at a minimum of $135. This pricing would propel the space exploration and artificial intelligence company's valuation to nearly $1.8 trillion, making it one of the most valuable companies globally.

The initial public offering (IPO) aims to raise a substantial $75 billion. Should the shares meet or exceed the projected price, SpaceX founder Elon Musk could become the world's first trillionaire. The success of this listing on the technology-focused Nasdaq index is being closely watched as a potential benchmark for other major AI firms, including OpenAI and Anthropic, which are also planning public offerings later this year.

While the initial price is set, the ultimate market value of SpaceX's shares will be determined by investor demand. The company's valuation hinges on whether the broader market perceives the $135 per share price as justified. Fluctuations are expected as trading opens, reflecting investor sentiment and market dynamics.