SpaceX, the private space company considered the largest player in this year's global IPO market, is expected to launch its initial public offering as early as next month.
According to Yonhap News on May 16, Reuters and CNBC reported that SpaceX has accelerated its IPO schedule, aiming for a Nasdaq listing on June 12.
The reports indicate that SpaceX plans to release its investment prospectus soon and conduct a roadshow for investors on June 4. The IPO price is expected to be finalized on June 11, with the listing taking place the following day.
Initially, many anticipated that the IPO would occur around June 28, coinciding with the birthday of founder Elon Musk. However, the timeline has been moved up due to the faster-than-expected review process by the U.S. Securities and Exchange Commission (SEC).
The SpaceX IPO is a major focus for the global financial market this year. Following its merger with AI company xAI in February, SpaceX's valuation is estimated at approximately $125 billion. The company reportedly aims to raise between $70 billion and $75 billion through this IPO.
If SpaceX meets market expectations for fundraising, it would surpass the previous record of $29 billion set by Saudi Arabia's state-owned oil company Aramco in 2019.
SpaceX operates satellite-based internet service Starlink and the large spacecraft Starship program. The funds raised from the IPO are intended for the construction of Starship, AI data centers, and lunar base projects.
* This article has been translated by AI.
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