SpaceX plans to market its highly anticipated initial public offering at a fixed price of $135 per share, according to a source cited by CNBC. The approach differs from the traditional IPO process, where companies typically offer a price range to gauge investor demand.
The company intends to sell about 555.6 million shares, resulting in a proposed fundraising of roughly $75 billion. According to the report, that would value Elon Musk’s aerospace and technology company at approximately $1.75 trillion, assuming pending transactions involving EchoStar spectrum assets and Cursor are completed.
If achieved, the valuation would make SpaceX one of the largest companies in the United States and place it ahead of Tesla by market capitalization.
SpaceX is expected to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX. The report said the offering would be the largest IPO in U.S. history, surpassing the record previously held by Alibaba.
Recent regulatory filings also revealed billions of dollars in losses and plans to reserve up to 5% of IPO shares for certain employees and eligible participants through a direct share program.
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TIPP Staff
