Topline
Elon Musk’s SpaceX is aiming to raise $75 billion in its highly anticipated initial public offering, according to a Securities and Exchange Commission filing, which would value the AI and space company at roughly $1.77 trillion.
Musk is SpaceX’s CEO and CTO.
Photo by Isaac Wasserman/NCAA Photos via Getty Images
Key Facts
SpaceX aims to sell around 555.6 million shares for $135 per share, according to the filing.
Musk’s company is expected to begin trading on June 12, though it could adjust its IPO price before then.
The IPO could be the largest of all time, potentially surpassing the IPO valuation record of $1.7 trillion set by Saudi Aramco seven years ago.
Will The Spacex Ipo Make Elon Musk A Trillionaire?
It appears very likely, as he owns 42% of SpaceX’s common stock and 350 million stock options, all of which would be worth $688 billion if SpaceX maintains its $135 trade price.
Surprising Fact
If estimates about SpaceX’s valuation hold, the company would top massive market capitalizations held by Tesla ($1.59 trillion), Meta ($1.58 trillion) and Samsung ($1.54 trillion).
This is a developing story. Check back for updates.