SpaceX Completes IPO at $86 Billion Valuation with Subsequent Debt Raises and Russell 1000 Addition
50Framing Analysis
SpaceX completed an IPO at an $86 billion valuation according to multiple reports. The company raised $25 billion in debt shortly afterward and is scheduled for addition to the Russell 1000 index. Elon Musk reportedly lost trillionaire status amid broader market movements.