SpaceX targets a record $1.7 trillion valuation in its June 12 IPO, pricing shares at $135 and raising $75 billion.
SpaceX will price its initial public offering at $135 per share on June 12, aiming for a $1.7 trillion valuation. The company plans to sell 555,555,555 shares, raising approximately $75 billion. This would make it the largest IPO in history if achieved.
The fixed $135 price deviates from traditional IPO pricing methods, which typically use a range. SpaceX reported $18.7 billion in revenue last year but posted a $4.9 billion net loss. At the IPO price, SpaceX would trade at 94 times its revenue, far exceeding multiples of the “Magnificent Seven” stocks.
Market observers anticipate volatility, given the premium valuation and reliance on long-term growth in space and AI sectors.