SpaceX targets 75 billion dollars in record-setting IPO
Elon Musk's aerospace firm aims for a 1.75 trillion dollar valuation by offering 555.6 million shares at a fixed price. The company intends to use the proceeds to expand its satellite network and AI computing resources ahead of its expected Nasdaq debut on June 12.
SpaceX plans to fix its IPO price at $135 per share to raise $75 billion in a record-setting public debut. The rocket company aims for a $1.75 trillion valuation by selling 555.6 million shares, people familiar with the matter said. The listing marks a shift for large-cap private companies testing public markets after years of limited activity.
### Breaking Traditional IPO Pricing SpaceX is bypassing the standard practice of setting a price range to gauge investor demand. By fixing the price at $135 before the roadshow begins on Thursday, the company is forcing a take-it-or-leave-it valuation on the market. SpaceX previously held "testing the waters" meetings with investors before initiating this strategy, which departs from traditional bookbuilding where strong demand typically pushes final pricing to the top of a projected range.
