Countdown to SpaceX IPO: Key Details and How to Invest
SpaceX IPO date countdown begins: When is the SpaceX IPO and how can you buy SpaceX stock before the biggest IPO in market history?
Image: The Economic Times
SpaceX is set to launch its IPO on June 12, aiming for a staggering valuation of $1.75 trillion and a $75 billion raise. Shares will be priced at $135 each, with a significant retail allocation available. This IPO marks a pivotal shift for SpaceX as it transitions from a launch company to an artificial intelligence infrastructure provider.
- 01SpaceX's IPO will price shares at $135 each, aiming for a $1.75 trillion valuation.
- 02The company plans to raise $75 billion, significantly surpassing Saudi Aramco's previous record of $29.4 billion.
- 03Retail investors will have access to 30% of the IPO shares, a notable allocation for such a large offering.
- 04Fidelity's Contrafund holds $3.5 billion in SpaceX, highlighting the importance of the Starlink business in its valuation.
- 05The IPO represents a strategic shift for SpaceX, as it positions itself as an AI infrastructure company.
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The countdown to SpaceX's IPO is officially on, with shares priced at $135 and trading expected to begin on June 12 under the ticker SPCX. This offering aims to raise $75 billion, pushing the company's valuation to an unprecedented $1.75 trillion, more than doubling the previous record set by Saudi Aramco. The fixed pricing strategy indicates strong confidence in demand, as SpaceX transitions from a launch and satellite business to an artificial intelligence infrastructure provider. The IPO includes a generous 30% retail allocation, allowing ordinary investors to access shares through major trading platforms. Notably, Fidelity's Contrafund holds a substantial stake in SpaceX, emphasizing the value of its Starlink service. While the IPO is seen as a strategic move rather than a necessity for fundraising, it positions SpaceX among the world's largest companies, signaling a new era for the firm.
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The SpaceX IPO could significantly influence the stock market, attracting a wide range of investors and potentially driving up interest in tech stocks.
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