SpaceX IPO debuts on Nasdaq after $75B raise

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SpaceX looks ready for blastoff when it debuts on Nasdaq this morning, after raising $75 billion—putting Elon Musk within reach of becoming the world’s first trillionaire. Shadow markets are pricing in a jump of at least 35% at the open. Asian investors, largely shut out of the IPO, have come up with creative ways to try and capture some of the gains, including buying into the space supply chain, industry-themed ETFs, and Nasdaq 100 Index-tracking funds.

Bloomberg bubble chart comparing top global IPOs since 2000, highlighting SpaceX's $75B offer and its relative market cap.
Bloomberg chart showing top IPOs since 2000 and SpaceX’s $75B offer size and relative market-cap bubble.

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