SpaceX IPO expected to raise $75 billion
SpaceX’s initial public offering is set to turn more than 4,400 current and former employees into millionaires.
The company plans to sell 555,555,555 shares of Class A common stock at $135 apiece, which would raise close to $75 billion at a valuation of approximately $1.75 trillion.
Orders totaling around $150 billion poured in from institutional investors before the book-close deadline, roughly twice the amount SpaceX hopes to collect.
The offering would eclipse the record set by Saudi Aramco’s 2019 debut, which raised $29.4 billion.