137 Ventures’ Stake Nears $20 Billion as SpaceX IPO Arrives
SpaceX made its public debut Friday, turning from one of Silicon Valley's most-watched private names into a $2 trillion-plus public company and handing early investors a big windfall. The stock priced at $135, raising $75 billion, according to the Associated Press. That tops the record set by Saudi Aramco in 2019 for largest IPO. Shares started at $150, climbed to about $168, and closed just above $161. SpaceX's market cap finished at roughly $2.1 trillion.