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SpaceX Aims for $1.77 Trillion IPO
4 Jun
Summary
- SpaceX plans a historic IPO valuing the company at $1.77 trillion.
- The offering aims to raise $75 billion by selling over 555 million shares.
- Elon Musk could become the world's first trillionaire post-IPO.
SpaceX is preparing for what is expected to be the largest initial public offering in history, with the company targeting a valuation of $1.77 trillion. The highly anticipated debut is slated for next week, aiming to raise $75 billion. SpaceX intends to offer more than 555 million shares at a fixed price of $135 each, as detailed in an SEC filing.
Following the IPO, Elon Musk is projected to retain approximately 82.4% of the company's voting power. If the $135 share price is maintained upon trading on the Nasdaq, it could catapult Musk to become the world's first trillionaire. This move marks SpaceX's strategic expansion into non-space sectors, notably through the acquisition of xAI, which encompasses the social media platform X.
At its projected valuation, SpaceX would immediately rank among the world's largest public companies, placing seventh globally. This would be Musk's second company to achieve trillion-dollar status, following Tesla. The IPO's pricing strategy, offering a fixed price rather than a range, is unconventional. SpaceX anticipates offering shares to individual retail investors through various trading platforms.
