SpaceX Sells Shares and Sets a New Record
SpaceX builds rockets and runs a network of satellites called Starlink. This network gives people internet from space. Even though people can buy shares, Elon Musk will keep most of the control. He has more than 84% of the voting power. Some experts think the price is too high, with one group saying each share is worth only $63.
Many people wanted to buy shares, with investors asking for three to four times more shares than were available. Only about 20% of shares were for ordinary people, so most will not get any. SpaceX lost $4.9 billion in 2025, but people are still excited about the company.