The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Musk's $106bn fundamental-defying IPO lands on Nasdaq

BY RIDDHIMA TALWANI | FRIDAY, 12 JUN 2026 12:25PM

SpaceX has raised US$75 billion ($106.8bn) in the biggest-ever stock market debut, valuing Elon Musk's rocket and satellite company at US$1.77 trillion.

Upgrade your subscription to access this article

And gain access to:

All website content, including archived news
Home page news customisation
Tech Zone, your technical resource library

And more

Already A Subscriber?

UPGRADE SUBSCRIPTION

Read more: SpaceX, Elon Musk, Nasdaq, Anthropic, Anton du Plooy, Magnificent, S&P Dow Jones Indices, Tesla

VIEW COMMENTS

Related News

►	Space, semiconductor ETFs worst performers in July
►	Active equity managers lag benchmarks: SPIVA
►	MAM, GIC partner to deliver Anthropic data centres at scale
►	Crypto traders surge, Swyftx expands into mainstream assets
►	HESTA, Cbus, Mercer report super returns
►	Pengana raises $150m for AI-focused LIT
►	ASIC flags stronger fintech collaboration
►	APRA warns super trustees over AI adoption
►	Global X to expand product suite with three new ETFs
►	FEATURE: Global equities \| Triaging tech's second act

Editor's Choice

ASIC zeroes in on recurring compliance breaches

VINNY VUCAGO

ASIC has warned financial advice licensees to address lapses in reference checking, professional indemnity insurance and superannuation advice practices in an update released this week.

First-mover costs stifle digital finance: report

MATTHEW WAI

Despite Australia boasting the technology and institutional capabilities for digital finance, several factors, including high barriers to first-movers, are derailing growth.

Brookfield wins US$1bn mandate from Nuclear Liabilities Fund

VINNY VUCAGO

Brookfield Asset Management has secured an initial US$1 billion mandate from the UK's Nuclear Liabilities Fund to manage a multi-asset portfolio.

Netwealth recruits AI expert to boost in-house advice tech

RIDDHIMA TALWANI

Aiming to double its funds under advice by 2030, Netwealth has turned outside financial services for its latest AI hire.

Product showcase: A guaranteed future

MAX: Marketing, Advertising and Sales Excellence Awards | Highlights 2026

Risk, rates & real: Navigating the now

Product showcase: Reframing financial advice

Product Showcase: Calm in the chaos

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE

Effie Dimitropoulos

Chief executive

AUDD

Digital assets and where they stand in 2026

So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.

READ MORE

Jessica Sclafani

Global retirement strategist

T. Rowe Price

Rethinking default design in a changing market environment

The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.

READ MORE

Industry Events

MORE INDUSTRY EVENTS

OCT

ISS STOXX Innovation Forum 2026 - Sydney

NOV

24-26

Featured Profile

MORE PROFILES

Sarah Shaw

GLOBAL PORTFOLIO MANAGER
4D INFRASTRUCTURE

It wasn't confidence that prompted Sarah Shaw to walk away from established investment houses and co-found 4D Infrastructure in 2015. It was something she believes is far more important: courage. By Vinny Vucago.

READ MORE