Musk's SpaceX set for hotly anticipated debut after record $75 billion IPO
BUZZ-Musk's SpaceX set for hotly anticipated debut after record $75 billion IPO Updates
** Elon Musk's SpaceX SPCX.O set to begin trading on Nasdaq later on Friday after raising $75 billion in the world's biggest IPO ever
** Stock recently indicated to open at $174 vs $135 per share IPO price
** SPCX sold 555.56 million shares, valuing the rocket and satellite maker at $1.77 trillion
** SPCX set to make the first U.S. trillion-dollar debut and become the seventh-largest U.S. company by market capitalization
** At $75 billion, deal's proceeds were more than double those of Saudi Aramco's record-setting 2019 IPO
** SPCX estimates its market opportunity spans $28.5 trillion, a figure it called the largest in human history
** U.S. space stocks, including Virgin Galactic SPCE.N, slide ahead of SpaceX's hotly anticipated debut
** Elsewhere, Oppenheimer on Thursday initiated SpaceX coverage with a bullish rating and $190 PT
** Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan were among joint book-running managers for SpaceX's offering
(Reporting by Arasu Kannagi Basil in Bengaluru)