SpaceX has priced its shares at $135 each for its initial public offering, valuing the company at $75 billion in what is set to be the largest-ever IPO. This move will allow investors to gain indirect exposure to bitcoin through SpaceX shares, as the company holds a significant bitcoin position. The IPO coincides with reports of Elon Musk considering a merger between SpaceX and Tesla, which already has a substantial bitcoin treasury of over 11,500 BTC.
In a groundbreaking development, SpaceX shares will also be available for trading on a Solana-based platform via a tokenized version issued by Backpack. This initiative aims to bring U.S. equities onchain from their first trading day, potentially increasing global access and liquidity. However, it also raises regulatory and market fragmentation concerns. SpaceX's market debut will test investor interest in large-scale tech offerings and the integration of traditional finance with blockchain markets.
SpaceX Sets IPO at $135 Per Share, Valuing Company at $75 Billion
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