The company says its shares could trade at about $135 each (£100), setting the company’s valuation on track for about $1.75tn.
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Read Time
Archie Mitchell
Business reporter
Image source, ReutersElon Musk’s SpaceX is expected to begin trading on the Nasdaq stock exchange at $171 per share, significantly higher than its $135 per share initial offering price.
The increase, driven by bumper demand for exposure to the space and AI company, would give it a market value of $2.2tn, and comfortably cement Musk’s position as the world’s first trillionaire.
The share price expectation was reported by Reuters.
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