SpaceX: the largest IPO in history (xAI included)

Priced at $135/share, raising $75 billion at a $1.77 trillion market cap, nearly triple Saudi Aramco's record, with SPCX trading on Nasdaq from June 12. Because Musk folded xAI into SpaceX in February, the listing takes Grok (and X) public too. Retail placed ~$100B in orders; Morningstar's public valuation is $780B, less than half the IPO mark. Price discovery is going to be sporty.

Sources: NPR, TechCrunch, S-1