SpaceX is preparing to set the parameters for an IPO as early as Wednesday, which could become the largest in history
Kyiv • UNN
SpaceX plans to raise up to $75 billion during its public offering. The market valuation of Elon Musk's company could reach $1.8 trillion.
SpaceX plans to determine the key parameters of its initial public offering (IPO) as early as Wednesday, which could become the largest in the history of the global stock market. This was reported by Bloomberg, according to UNN.
Details
According to the agency's sources, SpaceX's updated filing will reveal the price range of the shares and the quantity the company intends to offer to investors. Following the publication of the documents, the company will be able to officially begin marketing the IPO to potential buyers.
Bloomberg notes that SpaceX expects to raise up to $75 billion. This would more than double the record IPO of Saudi Aramco, which raised $29.4 billion in 2019. At the same time, the market valuation of Elon Musk's company could reach at least $1.8 trillion.
The roadshow for investors is expected to be short, and the final pricing of the shares could take place as early as June 11. However, sources emphasize that certain parameters and the offering schedule may still be subject to change.
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