Can I buy shares in Elon Musk's SpaceX?
Summary
SpaceX, Elon Musk's space exploration company, will start selling shares to the public through an Initial Public Offering (IPO) on June 12. The company hopes to raise at least $75 billion to fund current projects and new ambitions like Mars colonization and space-based AI centers. Shares will be traded on the Nasdaq stock market, available to both large investors and individuals.Key Facts
- SpaceX is currently privately owned by Elon Musk and other investors.
- The IPO will offer over 550 million shares at an initial price of $135 each.
- SpaceX aims to raise $75 billion, potentially valuing the company around $1.75 trillion.
- The company works on space exploration, satellite communication, social media platform X, and an AI platform called Grok.
- SpaceX made $18.6 billion in revenue last year but had a net loss of $4.9 billion.
- Shares will be traded on Nasdaq, a U.S. stock market focused on technology companies.
- Investors include large institutions and individual buyers via investment platforms.
- SpaceX warns it has a history of losses and may not become profitable soon.
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