SpaceX plans to raise approximately $75 billion [1] in an initial public offering by selling 555.6 million shares [2].
This move would represent one of the largest public offerings in history. The capital injection is intended to fuel the company's growth and establish a massive financial foundation for its ambitious aerospace projects.
According to a source, the company intends to set the IPO price at $135 per share [1]. This target price would place the proposed valuation of SpaceX at $1.75 trillion [4]. The announcement coincided with an investor roadshow held in New York on June 2, 2024 [1].
"SpaceX plans to fix the IPO price at $135 per share, targeting a record $75 billion raise," a source said [1].
Terms of the offering include specific restrictions for the company's leadership. The source said Elon Musk will be required to hold his SpaceX shares for 366 days after the IPO [5]. This lock-up period is a common mechanism used to prevent immediate market volatility following a company's transition to public trading.
While the company has previously operated as a private entity, this transition allows it to tap into public markets for liquidity. The scale of the offering, targeting $75 billion [1], highlights the immense scale of the company's current operations and its perceived value among institutional investors.
“SpaceX plans to fix the IPO price at $135 per share, targeting a record $75 billion raise”
A $1.75 trillion valuation would place SpaceX among the most valuable companies in the world, reflecting investor confidence in its launch capabilities and Starlink satellite constellation. By moving from a private to a public structure, SpaceX can more easily raise the vast amounts of capital required for Mars colonization and next-generation rocket development, though it will face increased regulatory scrutiny and public financial reporting requirements.
