SpaceX wants $75 billion IPO at $135 per share
SpaceX intends to secure $75 billion in its initial public offering by offering 555.6 million shares at a target price of $135 per share, according to a source. As reported earlier that the rocket and satellite communications company aimed to raise at least $75 billion, at a valuation of $1.75 trillion. The listing leads a wave of prominent private companies preparing to test public markets after years of subdued large-cap IPO activity, with SpaceX widely regarded as one of the most significant offerings in recent history alongside artificial intelligence giants OpenAI and Anthropic.
The company’s valuation hinges on SpaceX’s ability to dominate technologies and markets that are yet to materialise – ranging from Mars missions to AI data centers in space. The specific target price is notably atypical at this juncture, as companies intending to go public generally establish a price range prior to engaging with investors during a series of presentations known as a roadshow. SpaceX’s roadshow is set to commence on Thursday. Typically, a specific target price is established only the day prior to the debut.
The roadshow — anticipated to be among the most scrutinised IPO marketing tours in recent years — will provide prospective investors the opportunity to engage with SpaceX executives as investment bankers endeavour to generate demand for a record-setting $75 billion order book. As reported that the company is contemplating designating up to 30% of the offering for individual investors, a notably substantial retail tranche intended to leverage Elon Musk’s devoted following and expand ownership of the company.
