SpaceX set to launch record $75 billion Nasdaq IPO
SpaceX is set to launch a record $75 billion initial public offering on Nasdaq, planning to sell 555. 6 million shares at $135 each. Al Jazeera reported the company aims for a valuation near $1. 77 trillion, which would make it the largest IPO in history. CBS News said the offering could raise up to $75 billion and potentially make CEO Elon Musk a trillionaire. The Motley Fool noted that analysts are comparing the valuation to that of AI firm Anthropic, raising questions about the pricing.
Fortune warned that the size of the deal could strain market liquidity as investors seek cash. CBS News added that up to 30% of the shares will be allocated to retail investors through major broker-dealers. Patch estimated that more than 4,400 current and former SpaceX employees could become millionaires after the IPO. Fortune further projected that executives and major shareholders stand to receive billions in value. Forbes reported that retail traders have placed over $100 billion in orders for the shares. TechCrunch noted that the company filed an S-1 to sell the shares, confirming the planned $75 billion raise.
