SpaceX Announces $135 Share IPO with Ambitious Plans Amid Losses
SpaceX IPO: $135 a Share, 80% Voting Power for Musk, and a $4.9bn Net Loss
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SpaceX plans to go public on Nasdaq on June 12, aiming to raise at least $75 billion with shares priced at $135 each, valuing the company at approximately $1.75 trillion. Elon Musk will maintain over 80% voting power, despite a reported net loss of $4.9 billion last year.
- 01SpaceX's IPO is set for June 12, 2023, aiming for a historic $75 billion raise.
- 02The company will offer 550 million shares at $135 each, leading to a valuation of about $1.75 trillion.
- 03Elon Musk will retain more than 80% of the company's voting power after the IPO.
- 04Last year's revenue was reported at $18.6 billion, with a net loss of $4.9 billion.
- 05Proceeds will fund expansion and future projects, including asteroid mining and Mars colonization.
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SpaceX is preparing for its initial public offering (IPO) on Nasdaq, scheduled for June 12, 2023. The company aims to raise at least $75 billion, setting the stage for the largest public share sale in history. It plans to price 550 million shares at $135 each, resulting in a valuation of approximately $1.75 trillion, positioning it among the top ten largest firms listed in the United States. Despite reporting a net loss of $4.9 billion last year against revenues of $18.6 billion, Elon Musk will retain over 80% of the voting power post-IPO. The funds raised will support expansions and ambitious projects such as asteroid mining and Mars colonization.
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