SpaceX says its worth $1.75tn as it nears stock market debut
Summary
SpaceX has valued itself at $1.75 trillion in a document filed with U.S. regulators ahead of its planned stock market debut. The company expects its shares to start trading on Nasdaq on June 12, with an estimated price of $135 per share, which would make it one of the most valuable companies worldwide.Key Facts
- SpaceX values itself at $1.75 trillion, up from $1.25 trillion earlier this year.
- The company plans to start trading on the Nasdaq stock exchange on June 12.
- SpaceX set an estimated share price of $135 well before the stock market debut, which is unusual.
- Elon Musk owns more than 80% of SpaceX's stock holdings.
- If shares sell at $135 or higher, SpaceX will rank among the world’s most valuable companies, and Musk could become a trillionaire.
- Many companies that go public see their value drop after their initial stock offering.
- SpaceX’s valuation is based on expected future earnings rather than current sales.
- The company runs many projects including rockets, xAI, and Starlink internet services.
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