Kuaikeji, June 12 news - SpaceX, the aerospace giant helmed by Elon Musk, has officially concluded its initial public offering (IPO), amassing a staggering $75 billion in this round of financing. This feat sets a new global benchmark for IPO fundraising, with the company's overall valuation pegged at an astronomical $1.77 trillion. On the same day, SpaceX made its debut on the Nasdaq stock exchange under the ticker symbol SPCX.

The IPO was priced at $135 per share, with a total of approximately 555.6 million shares issued. This fundraising scale dwarfs the previous record of $29.4 billion set by Saudi Aramco, cementing SpaceX's IPO as the largest in human history. Market demand for the offering was exceptionally strong, with overall subscription volume reaching roughly four times the amount raised.

Thanks to the equity appreciation spurred by this listing, Musk has officially ascended to the status of the world's first trillionaire.

Prior to the listing, Forbes had estimated Musk's personal net worth at approximately $780 billion, placing him comfortably at the helm of the global rich list. His wealth is predominantly concentrated in SpaceX, with the value of his shares in the company estimated at around $866 billion.

When factoring in his Tesla shares and various other assets, following the official trading of SpaceX shares, Musk's personal net worth soared past the $1.1 trillion mark, further widening the chasm between him and other billionaires.

In terms of equity structure, Musk commands over 80% of the voting rights in SpaceX, ensuring his absolute control over the company through a specialized equity framework.

According to the outlined plan, the funds raised from this IPO will be earmarked for core business endeavors, including the expansion of launch facilities, upgrades to carrier rockets, the growth of the Starlink satellite constellation, the deployment of AI computing infrastructure, and the repayment of certain bridge loans.