One share of world’s largest IPO available at ₹12,825:Elon Musk’s satellite company SpaceX’s total worth is equivalent to half of India’s GDP

World’s largest Initial Public Offer’s (IPO) issue price is set at $135 or ₹12,825 apiece. Elon Musk’s satellite company SpaceX has quoted a valuation of worth $1.77 trillion or ₹168 lakh crore which is equivalent to 50% or half of India’s GDP of ₹332 lakh crore. How many rupees Musk’s company wants to earn? According to a news report by The New York Times, SpaceX will raise $74.4 billion (₹7 lakh crore) from the offering. Elon Musk to break world’s largest IPO record of Saudi Aramco – the oil company Saudi Aramco previously held the record, holding a $1.7 trillion (₹161.5 lakh crore) valuation and raising more than $29 billion (₹2.75 lakh crore) when it went public in 2019. Most companies that go public set a preliminary price range for their stock offering before settling on a final number in case investor demand for their shares changes. But Mr. Musk and SpaceX sidestepped that and simply declared one price for investors. SpaceX could still change that price but is not expected to do so. It is likely to begin trading on the Nasdaq next week under the ticker symbol SPCX. -NYT report SpaceX IPO date: The shares are expected to list at the US stock exchange, the Nasdaq on June 12 under the ticker SPCX. ChatGPT says its value is ₹95 lakh crore ahead of IPO: The offering serves as a bellwether for other massive tech offerings, including Anthropic, which filed confidentially on Monday, and OpenAI. Both artificial intelligence start-ups approach valuations of $1 trillion or ₹95 lakh crore. How can Musk become world’s first trillionaire? According to the NYT report, Musk wont be able to become a trillionaire be selling his shares in the IPO but a surge in early trading of his company’s shares post listing could make him the world’s first trillionaire. Watchout – SpaceX is in loss An IPO prospectus released last month revealed the company’s financial results, with SpaceX reporting a loss of more than $4.9 billion (₹47,500 crore) last year due to increased spending on artificial intelligence, following a $791 million (₹7,514 crore) profit in 2024. As per the news report, revenue rose 33% to $18.7 billion (₹1.77 lakh crore). *The above figures are quoted on basis on rupee dollar exchange rate of $1 = ₹95. If rupee’s value falls on the IPO subscription date, then, investors will have to pay even more in the subscription process.