Thanks to SpaceX’s planned IPO: Musk could become the world’s first trillionaire
4 June 12:16
Elon Musk’s aerospace company SpaceX plans to offer shares in an IPO next week at a price of $135 per share, according to documents it filed with the Securities and Exchange Commission (SEC). This was reported by "Komersant Ukrainian" with reference to Interfax-Ukraine.
SpaceX will offer investors 555,555,555 shares, and if sold at the stated price, the IPO will raise $75 billion, valuing the company at approximately $1.75 trillion.
SpaceX broke with tradition by setting the offering price more than a week before going public, rather than first announcing a price range and then adjusting it after several days of meetings with investors.
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According to the publication’s sources, the company decided to set a specific price right away, rather than a range, to avoid unnecessary hype surrounding the IPO process. The “take it or leave it” approach is intended to simplify the road show, the sources note.
SpaceX shares will begin trading on the Nasdaq on June 12 under the ticker SPCX.
The IPO prospectus published in May showed that the company increased its 2025 revenue by 33% to $18.67 billion. At the same time, it recorded a net loss of $4.94 billion due to high research and development expenses.
According to the IPO prospectus, Elon Musk, who founded SpaceX in 2002 with a mission to colonize Mars and serves as its CEO, maintains tight control over the company’s management and ownership structure. He is SpaceX’s largest shareholder and, as of May 1, controlled 85% of the voting rights. Musk also chairs the company’s board of directors, which consists of eight members in total.
In February of this year, SpaceX acquired Musk’s AI startup xAI, and the combined company was valued at $1.25 trillion.
The size of SpaceX’s IPO will exceed the previous record of $29 billion set by Saudi Aramco in 2019.
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