SpaceX has set a fixed price of $135 per share for its planned initial public offering, according to a filing with the U.S. Securities and Exchange Commission.<\/p>\n
The company plans to sell 555.6 million shares, which would raise approximately $75 billion. Underwriters have the option to purchase an additional 83.33 million shares, potentially increasing the total proceeds by about $11.2 billion.<\/p>\n
At the proposed IPO price, SpaceX would be valued at approximately $1.77 trillion, assuming the completion of the EchoStar spectrum and Cursor transactions referenced in the filing.<\/p>\n
The valuation would place the company among the largest publicly traded firms in the United States by market capitalization.<\/p>\n
The filing said Elon Musk will retain more than 82% voting control of the company following the offering.<\/p>\n
SpaceX intends to list on the Nasdaq under the ticker symbol \u201cSPCX\u201d and is targeting a market debut on June 12.<\/p>\n
Goldman Sachs is serving as lead underwriter for the transaction, alongside Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase.<\/p>\n
Unlike many IPO candidates that initially provide a price range, SpaceX opted to establish a fixed offering price following a series of investor meetings conducted before the official roadshow process.<\/p>\n
The filing disclosed additional details regarding transactions between SpaceX and other companies controlled by Musk.<\/p>\n
SpaceX said its xAI unit purchased $269 million worth of Tesla Megapack battery systems in April. Tesla had previously disclosed sales of $430 million worth of Megapacks to xAI during the prior year.<\/p>\n
Earlier this year, Musk merged SpaceX with xAI in a transaction that valued the combined entity at approximately $1.25 trillion.<\/p>\n
Tesla also owns 18.99 million SpaceX shares, which would be worth about $2.56 billion based on the proposed IPO price.<\/p>\n
\n\u201cWe have historically collaborated with Tesla through commercial, licensing, and support agreements,\u201d SpaceX said in the filing.<\/p>\n<\/blockquote>\n
Potential Record-Setting Offering<\/h2>\n
The planned listing is expected to rank among the largest public offerings ever conducted in the United States.<\/p>\n
SpaceX\u2019s debut comes as investor interest in technology and artificial intelligence companies remains strong, with other major firms including Anthropic and OpenAI also pursuing potential public listings.<\/p>\n
The company previously disclosed that up to 5% of the shares offered in the IPO could be reserved for certain employees and other eligible participants through a direct share program.<\/p>\n
The upcoming public debut is also fueling speculation about future strategic relationships among Musk\u2019s companies, which have maintained commercial partnerships and shared resources across several business segments.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
SpaceX has set a fixed price of $135 per share for its planned initial public offering, according to a filing with the U.S. Securities and Exchange Commission. The company plans to sell 555.6 million shares, which would raise approximately $75 billion. Underwriters have the option to purchase an additional 83.33 million shares, potentially increasing the […]<\/p>\n","protected":false},"author":1,"featured_media":20366,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[39,5797,6679,4340,130,6680,6681,6682,5800,6683,5786,6616,6684,5949,6685,3156,1045,6686,6617,5803,5394,6689,5804,6692,6693,362,5806,6695,6698,5063],"class_list":["post-20363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aerospace","tag-aerospace-industry","tag-ai-industry","tag-anthropic","tag-artificial-intelligence","tag-bank-of-america","tag-battery-systems","tag-business-expansion","tag-capital-markets","tag-citigroup","tag-commercial-spaceflight","tag-corporate-finance","tag-corporate-investment","tag-corporate-strategy","tag-cursor","tag-echostar","tag-elon-musk","tag-energy-storage","tag-equity-offering","tag-financial-markets","tag-goldman-sachs","tag-growth-companies","tag-initial-public-offering","tag-investment-banking","tag-investor-demand","tag-ipo","tag-jpmorgan-chase","tag-market-valuation","tag-megapack","tag-morgan-stanley"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/20363"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=20363"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/20363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/20366"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=20363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=20363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=20363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}