Elon Musk's SpaceX aiming to raise $75bn in record IPO
Key takeaways
- If completed, the unprecedented IPO would surpass the record $25.6 billion raised by Saudi oil producer Aramco in 2019 and could make Elon Musk the world's first trillionaire.
- https://p.dw.com/p/5Eovg Image: Patrick T.
- SpaceX intends to offer 555,555,555 shares at an initial price of $135 per share in an offering which, based on approximately 13 billion shares outstanding, would value the company at approximately $1.765 trillion.
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If completed, the unprecedented IPO would surpass the record $25.6 billion raised by Saudi oil producer Aramco in 2019 and could make Elon Musk the world's first trillionaire.
https://p.dw.com/p/5Eovg Image: Patrick T. Fallon/AFPAdvertisement Space X, the aerospace and satellite communications company headed by US tech billionaire Elon Musk, is planning to raise around $75 billion (€64.6 billion) through what would be a record-breaking initial public offering (IPO), according to a regulatory filing released Wednesday.
SpaceX intends to offer 555,555,555 shares at an initial price of $135 per share in an offering which, based on approximately 13 billion shares outstanding, would value the company at approximately $1.765 trillion.