SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion
Summary
SpaceX, led by Elon Musk, plans to raise about $75 billion in an initial public offering (IPO), valuing the company at nearly $1.77 trillion. This would surpass the previous largest IPO by Saudi Aramco and make SpaceX one of the most valuable companies in the world.Key Facts
- SpaceX intends to sell 555.6 million shares at $135 each in its IPO.
- The IPO value of $75 billion would break the record set by Saudi Aramco's $25.6 billion IPO in 2019.
- The total company valuation at IPO is approximately $1.765 trillion based on 13 billion shares outstanding.
- Elon Musk could become the first trillionaire if valuation and stock price hold.
- SpaceX owns satellite internet service Starlink, which has 10.3 million customers in 164 countries.
- The company is involved in NASA’s Artemis program and aims to support Moon and Mars missions.
- SpaceX has acquired Elon Musk’s AI company xAI and merged with the social network X (formerly Twitter).
- Although going public, Musk will keep over 80% of voting power, maintaining control of SpaceX.
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