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- SpaceX has announced the price and number of shares ahead of its public offering.
- The company's capitalization after entering the stock exchange will be approximately $1,8 trillion.
SpaceX has finally announced the price and number of shares ahead of its initial public offering (IPO). According to press release The company's share price will be $135 per share, and it plans to sell more than 555 million shares in total.
Elon Musk's aerospace giant could raise up to $75 million in its largest-ever IPO. This would eclipse the debut of Saudi Arabian Oil Corporation, which raised $25,6 billion in December 2019 at a valuation of $1,71 trillion.
SpaceX's IPO generated a huge amount of excitement among investors. Ultimately, demand exceeded supply fourfold, as evidenced by Wrote redaction Happy Coin NewsInterestingly, according to NBC News, Elon Musk has reserved almost 30% of the shares for individual retail investors, compared to the typical 10%. Musk himself will retain 82% of the company's shares after the stock market debut.
Some market analysts believe SpaceX's IPO is overvalued. Experts from Morningstar, for example, appreciated valued the company at $780 billion and noted that it had not yet made a profit.
Upon debuting with a projected valuation of $1,77 trillion, SpaceX will become the seventh-largest public company in the United States, ahead of JPMorgan Chase and Elon Musk's Tesla.
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