Home / Business and Economy / SpaceX IPO: Dual Shares on the Horizon?
SpaceX IPO: Dual Shares on the Horizon?
14 Feb
Summary
- SpaceX is considering a dual-class share structure for its IPO.
- The space firm's IPO could potentially value it over $1.5 trillion.
- SpaceX is expanding its board to oversee IPO preparations.
SpaceX is reportedly exploring a dual-class share structure for its anticipated initial public offering (IPO) planned for this year. This structure allows for different classes of shares with varying voting rights, typically favoring founders or early investors.
The space exploration company is also looking to significantly increase its valuation, with projections suggesting it could exceed $1.5 trillion. This potential IPO is a major step for SpaceX as it aims to broaden its ambitions beyond its core rocket and satellite business.
To facilitate the IPO process and oversee Musk's expanding vision, SpaceX is actively in the process of adding new members to its board of directors. While deliberations are ongoing and details may change, these developments signal a significant move towards public trading for the privately held company.
