The price of ambition
On a Thursday evening in late spring, SpaceX set its final initial public offering price at $135 per share . The figure landed with little fanfare—a number on a filing, a marker at the end of a process that had occupied bankers, regulators, and Elon Musk's inner circle for months. By Friday's close, shares in what had been the world's most valuable private company changed hands at $161, a 19 per cent premium on the debut price . The opening bell had rung on the largest stock-market flotation in financial history.