SpaceX Plans Record $75 Billion IPO, Set to Outpace Previous Records
Elon Musk’s SpaceX files for record-setting $75 billion IPO
Image: Inquirer
SpaceX, founded by Elon Musk, has filed for a historic initial public offering (IPO) with the US Securities and Exchange Commission, aiming for $75 billion at $135 per share. The IPO could elevate the company's valuation to approximately $1.77 trillion, surpassing Saudi Aramco's 2019 record. The IPO is expected to commence on June 12.
- 01SpaceX plans to offer 555,555,555 shares priced at $135 each, targeting a total of $75 billion.
- 02The IPO could potentially increase by $11.2 billion if underwriters purchase an additional 83,333,333 shares.
- 03Elon Musk will retain about 82% of the voting power post-IPO.
- 04The company's valuation could reach around $1.77 trillion upon the IPO's completion.
- 05SpaceX is known for its rocket-launch services and the Starlink internet service, and is collaborating with NASA on lunar and Mars missions.
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SpaceX, the aerospace company founded by Elon Musk, has filed for an unprecedented initial public offering (IPO) with the US Securities and Exchange Commission, aiming to raise $75 billion by offering 555,555,555 shares at $135 each. This IPO would set a new record, surpassing the previous high of $29 billion set by Saudi Aramco in 2019. If underwriters exercise their option to buy an additional 83,333,333 shares, the total raised could increase by $11.2 billion. The IPO is anticipated to begin on June 12 and could value SpaceX at approximately $1.77 trillion. Following the IPO, Musk is expected to maintain about 82% of the company's voting power. SpaceX, known for its innovative rocket-launch services and the Starlink satellite internet project, has also been working with NASA on plans for lunar bases and Mars missions. Earlier this year, the company acquired Musk's AI venture, xAI, and is in the process of relocating its headquarters from California to Texas due to dissatisfaction with the local business environment.
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The IPO could significantly boost SpaceX's financial resources, enabling further advancements in aerospace technology and satellite internet services.
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