Amid the frenzy of SpaceX's listing, the new aerospace and defense company Applied Aerospace & Defense (AADX.US) priced its IPO at $20, raising $650 million.

According to the Zhitong Finance APP, it was revealed by insiders that Applied Aerospace & Defense (AADX.US), engaged in the manufacturing of aerospace and defense equipment and components, raised 6.5 billion US dollars through its initial public offering. Insiders revealed that the Huntsville, Alabama-based company sold 32.5 million shares of stock at a price of $20 per share. Prior to this, the company had priced these stocks between $18 and $21 per share. Based on this price, the market value of Applied Aerospace is approximately $3.4 billion, as calculated based on the number of shares listed in its filings.