Elon Musk’s space and AI conglomerate officially confirmed that it has raised $75 billion from the sale of its shares to its underwriters, who are set to begin marketing the company on the Nasdaq stock exchange Friday.

SpaceX is going public in what's expected to be a record-breaking stock market debut, prompting new interest in how IPOs work and why companies use them. (AP Photo)

SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and is raising enough money to likely make Elon Musk the first trillionaire.

Shares of SpaceX are now trading on the Nasdaq under the ticker symbol SPCX. The highly anticipated IPO has instantly made SpaceX one of the most valuable companies in the world a

It’s SpaceX IPO day! Hooray? Odds are high that investors will clamor for some of the $75 billion worth of shares, a small sliver of equity that puts the market cap of Elon Musk’s aerospace and satellite company at an eye-watering $1.

SpaceX shares opened 11% above their IPO price, and spent much of the early afternoon trading between 20% and 30% higher. It’s as near a picture-perfect debut as most bankers could imagine. Too big of

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Bitcoin was flat Friday morning ahead of SpaceX’s stock-market debut. The largest cryptocurrency recently traded around $63,300, with about half of its value erased since reaching an early-October peak above $126,