The company was valued at $1.75 trillion.
SpaceX has set a price of $135 for shares to be sold in its upcoming initial public offering, the company disclosed in its amended filing. according to reuters And the new York TimesIt is unusual for companies to set a concrete price a week before going public, and they usually set a price range in case of changes in investor demand.
The company can still change the price of its shares. It will announce the final price on June 11, with shares trading the next day. If SpaceX shares sell for $135, the IPO is expected to raise $74.4 billion, which would make it the largest in history and give the company a valuation of about $1.75 trillion. It could also make Elon Musk the first trillionaire. With shares trading at $135, Elon Musk’s 50 percent stake in the company would be valued at about $752 billion.
These are amounts that most ordinary people can hardly understand. Matthew Kennedy, senior IPO market strategist at Renaissance Capital, said: many times Raising $74.4 billion “would be more than every US IPO in the past two years combined.”
SpaceX quietly filed draft IPO registration paperwork with the US Securities and Exchange Commission earlier this year. When the paperwork became public, it shed light on the finances of Musk’s companies and his customers. For example, Anthropic will apparently pay the joint SpaceX-XAI entity $1.25 billion per month through May 2029 so it can use XAI’s data centers. It also revealed that social media website X saw a $595 million drop in advertising revenue in 2024 due to the “loss of advertising partners”.
The company plans to use the money raised from the IPO to finance its future projects, including its ambitions to build an orbital data center. SpaceX wants to launch 1 million satellites to serve as data centers powered by the Sun. The plan is to place the constellation in a sun-synchronous orbit at an altitude of 500 to 2,000 kilometers, where no clouds and other weather phenomena obstruct the Sun. Musk said that due to declining rocket launch costs and the fact that data centers would be powered by solar power, orbital data centers would be the cheapest way to generate AI computer power within a few years.
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