SpaceX Pursues Historic IPO With USD75B Fundraising Target
According to regulatory filings, the company intends to offer 555.6 million shares at a proposed price of $135 each. If completed as planned, the offering would surpass the previous record for a public listing, which raised $29.4 billion.
Reports indicate that Elon Musk, who currently owns roughly half of SpaceX, would continue to hold a significant stake following the share sale. Due to a special voting structure, he is expected to retain control of more than 80% of the company's voting power.
The proposed public offering could substantially increase Musk’s wealth. Based on the planned share price, his holdings in SpaceX alone would be valued at around $841 billion. Combined with his stake in Tesla, his overall net worth could rise beyond the $1 trillion mark.
Founded in 2002, SpaceX has evolved far beyond its original focus on rocket launches. The company now operates across multiple sectors, including space transportation, satellite communications, and artificial intelligence.
A major part of that expansion has come through Starlink, its satellite internet network, while recent developments have also integrated operations with Musk’s artificial intelligence venture, xAI.
The filing outlines future ambitions in emerging technologies, including AI-driven initiatives and data centers located in space. It also reaffirms the company's long-term objectives involving lunar exploration and eventual missions to Mars.
Company officials said the capital raised through the IPO would support major investment requirements across both its space and artificial intelligence businesses.
According to the filing, SpaceX shares are expected to begin public trading next Friday.
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