Space Exploration Technologies Corp., known as SpaceX, has priced its initial public offering (IPO) at 135 U.S. dollars per share and raised 75 billion dollars through the sale of about 555.56 million shares, U.S. media reported Thursday.
The IPO values the company at about 1.77 trillion dollars, according to reports. SpaceX shares are expected to begin trading on the Nasdaq on Friday. In terms of fund-raising size, the IPO would set a record for an initial public offering. Based on the valuation, SpaceX would rank among the top 10 most valuable U.S.-listed companies.
Founded by U.S. entrepreneur Elon Musk in 2002, SpaceX has businesses in space launch services, satellite internet and artificial intelligence. The IPO has drawn strong market attention, while the company's high valuation has also prompted discussion among market watchers about its profit outlook and the sustainability of its future growth.
Reports said SpaceX's listing arrangement breaks with some Wall Street conventions, including setting the IPO price in advance and reserving a relatively high proportion of shares for retail investors. Musk will retain strong voting control over the company after the IPO.
Given Musk's large stake in SpaceX, the valuation could significantly increase the value of his holdings and make him the world's first trillionaire.
SpaceX to debut on Nasdaq at 1.77 trln USD valuation
The Central Asia Robotics Special of the International Embodied Intelligence Innovation Competition (IEIIC) was held in Astana, Kazakhstan, on Thursday.
The event, drawing students from 15 universities in China and Central Asian countries, including Kazakhstan and Uzbekistan, departed from the traditional model of purely theoretical contests, and focused on real-world application scenarios. The competition featured three categories: collaborative robots, service robots and intelligent construction robots.
Participating teams competed in equipment commissioning, fault diagnosis and solution optimization, while a panel of experts conducted comprehensive evaluations based on industry application standards.
In recent years, cooperation between China and Central Asian countries has continued to deepen in fields such as information technology, logistics and smart construction. Organizers in Kazakhstan said the competition is part of a broader cooperation program between China and Central Asian countries in education and advanced technologies.
"In addition to cash awards, Chinese organizers will provide internship and hands-on industrial training opportunities at companies in China. I think this is an excellent opportunity for students to showcase themselves and gain new knowledge," said Botagoz Omarova, co-founder of C2K International Education.
Also on Thursday, the China - Kazakhstan Media Convergence Co-creation Lab was officially inaugurated. The laboratory will serve as a regular cooperation platform for joint content creation, talent exchanges and coordinated brand development.
Representatives attending the event held in-depth discussions on practical cooperation, including joint education programs, joint establishment of training bases and the implementation of digital and intelligent industry projects, aiming to strengthen the integration of education, talent development and industrial growth.
Central Asia special of international robotics contest held in Kazakhstan
