According to the Financial Times and the Associated Press, SpaceX plans to sell approximately 555.6 million shares, aiming to raise $75 billion. This pricing values the company at around $1.77 trillion.
The scale of this IPO surpasses the previous record set by Saudi Arabia's state-owned oil company, Aramco, which raised $29.4 billion in 2019. SpaceX is expected to become one of the most valuable publicly traded companies immediately after its listing.
Unlike typical IPOs, SpaceX did not provide a preliminary price range but fixed the share price at $135. Reuters reported that this approach, which effectively confirmed the IPO price during investor presentations, breaks Wall Street norms.
The funds raised will be used to expand the Starlink satellite network, develop next-generation rockets, and build AI-related space data centers. The company will be listed under the ticker symbol 'SPCX' on Nasdaq and Nasdaq Texas.
Even after the IPO, CEO Elon Musk will maintain significant control. The Associated Press reported that Musk will hold 82.4% of the voting rights through dual-class shares post-IPO.
Baly Equity Partners is also considered a major shareholder, with the Wall Street Journal reporting that it holds a 6.7% stake in SpaceX.
* This article has been translated by AI.
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