SpaceX targets $1.75tn valuation in record $75bn IPO at $135 per share
Worth a glance, not a chew.
Summary
SpaceX is planning a landmark IPO at $135 per share, targeting a $75bn raise and a $1.75tn valuation — potentially the largest listing in history. The company will debut on Nasdaq under ticker SPCX around June 12, with Elon Musk and insiders retaining control through a dual-class share structure. Proceeds are intended for AI computing expansion and the Starlink satellite network, with up to 30% of shares reserved for individual investors.
Key quotes
· 5 pulledSpaceX intends to fix its IPO price at $135 per share before the roadshow starts, targeting a record $75bn raise.
At $135 across about 555.6 million shares, the offering implies roughly a $1.75tn valuation.
The IPO proceeds are earmarked partly for expanding AI computing resources alongside the Starlink satellite network.
The offering reportedly reserves up to 30% for individual investors.
Musk and insiders retaining dominant voting control via a dual-class structure.
You might also wanna read
SpaceX IPO filing reveals $4.9 billion loss despite $18.67 billion revenue
SpaceX's IPO prospectus reveals the company is not as financially dominant as expected, reporting a $4.9 billion net loss on $18.67 billion
axios.com·12d ago
SpaceX, Anthropic, and OpenAI prepare for record-breaking IPOs totaling up to $4 trillion
Three major companies—SpaceX, Anthropic, and OpenAI—are preparing for massive IPOs that could collectively add up to $4 trillion to the stoc
economist.com·1d ago
SpaceX IPO: A critical look at the risks for retail investors
The article is a critical opinion piece arguing that the SpaceX IPO is a bad investment for the public. It compares SpaceX's IPO filing to W
The Verge·4d agoSpaceX IPO: A critical look at the risks for retail investors
The article is a critical opinion piece arguing that the SpaceX IPO is a bad investment for the public. It compares SpaceX's IPO filing to W
theverge.com·4d agoSpaceX IPO: A critical look at the risks for retail investors
The article is a critical opinion piece arguing that the SpaceX IPO is a bad investment for the public. It compares SpaceX's IPO filing to W
theverge.com·4d ago
OpenAI preparing confidential IPO filing as soon as Friday, sources say
OpenAI is preparing to confidentially file for an IPO as soon as Friday, following in the footsteps of Elon Musk's SpaceX, which is set to p
cnbc.com·13d ago