Elon Musk SpaceX: SpaceX holds $100.8 ​billion in ⁠cash as Elon Musk’s rockets-to-AI reveals major details after $75 billion IPO makes it one of world’s most valuable companies

SpaceX said Monday that it launched a senior unsecured bond offering and held approximately $100.8 billion in cash and cash equivalents as of June 19. From rockets to artificial intelligence, Elon Musk’s company debuted on Nasdaq on June 12 after a record-breaking $75 billion IPO, breaking that record. One of the most valuable companies in the world.

SpaceX’s record-breaking IPO fueled a trading frenzy in its first week as a publicly traded company; Its shares have soared as retail investors and options traders flocked to bet on the artificial intelligence firm on Elon Musk-led rockets. Its shares rose nearly 40 percent from its June 12 IPO price of $135, pushing its market value to more than $2 trillion and briefly ranking among the world’s five most valuable companies.

Shares of SpaceX rose 19 percent at the Nasdaq open on June 12, when it raised more than $75 billion in a record offering. Although the stock is currently unprofitable, it at one point boosted its valuation to over $2 trillion in terms of market cap, making it the sixth-largest U.S. company. Turnover of the rocket company’s shares, or the approximate dollar value of daily transactions, was consistently the highest among major U.S.-listed firms during the first few days.

At one point it was more than 3.5 times that of Nvidia, which generally leads in terms of revenue.

SpaceX allocated a record 20 percent of its IPO shares to retail investors. Traders bought shares worth millions of dollars, making it one of the most bought stocks last week, according to Vanda Research data. Net acquisitions on debut day alone were $117.6 million; this was the largest retail net purchase of any launch ever.

Trading of SpaceX options began on June 16 and attracted significant interest from investors; trading volume rose to a record level and an upward trend prevailed; It underlined strong demand as investors look for ways to achieve Musk’s new goals.
SpaceX posted explosive gains in its first three trading sessions, briefly pushing its valuation beyond Microsoft, making it the fourth most valuable company in the world.

However, the stock entered turbulence in the second half of the week; This was a similar reaction to Tesla’s reaction to its 2010 debut.