SpaceX lands record $75bn raise as Wall Street braces for mega debut Tech Elon Musk’s SpaceX is set to begin trading on Friday after pulling off the largest IPO in history, with investor demand reportedly topping $250bn (£186bn) and early trading indications pointing to a big first-day jump. The aerospace and AI giant raised $75bn at a fixed price of $135 per share, giving the company a valuation [...]
As it happened: FTSE 100 rises as easing Iran tensions offset GDP blow; SpaceX set for blast off Markets Welcome back to the City AM liveblog. Global equity investors are bracing for Musk’s record-breaking market debut SpaceX is set to begin trading on Nasdaq today after Elon Musk’s rocket, satellite and AI empire pulled off the largest IPO in market history. The company raised $75bn after pricing shares at $135, giving it a $1.77 [...]
Nvidia tanks as Chinese AI startup Deepseek spooks global markets Tech Nvidia is on track for the biggest one day loss of any company in history, as Chinese artificial intelligence (AI) startup Deepseek shakes up global tech markets. Nvidia, a key driver of the AI stock boom due to its advanced chips, saw its shares plummet over 14 per cent on Germany’s Tradegate on Monday. The [...]