SpaceX, which operates the Star link satellite internet service, is aiming to raise around $75 billion through the listing
SpaceX has started its initial public offering (IPO) roadshow on Thursday. The company is targeting a valuation of $1.75 trillion, which would make it the largest corporate valuation in history.
The Elon Musk owned space technology company has launched a new website, spacexipo.com, for potential institutional investors. The website includes investor questions and answers, the official prospectus, and presentation materials from the roadshow. These documents are meant to give investors a clear view of the company before it lists on the stock market.
An IPO roadshow is a series of meetings and presentations where a company’s leadership team speaks to potential investors before a public listing. The main purpose is to explain the company’s business, and build interest in the stock. It also helps determine the final share price based on investor demand.
SpaceX said on its new website that it aims to “build the infrastructure of the future.” The company explained that it is working on systems that can provide global connectivity on Earth and beyond. It also said it wants to help explore the universe and expand human understanding.
SpaceX plans to set a fixed price of $135 per share. The company also plans to sell more than 555 million shares during the IPO process. This large offering shows strong expectations of investor demand.
SpaceX, which operates the Star link satellite internet service, is aiming to raise around $75 billion through the listing. If successful, it would become one of the biggest IPOs ever recorded in global markets.
Around 4.2% of the company will be offered to the public, while Elon Musk and other existing shareholders will retain the remaining majority stake.
The company has confirmed that it plans to finalize the IPO pricing on June 11. Trading of its shares is expected to begin on June 12, depending on market conditions and final approvals.
