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SpaceX Prices Early at USD135/ Share; Valuation Hits USD1.77T to Become 7th Largest US Firm by Market Cap
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SpaceX plans to offer about 555.6 million shares at USD135 per share, raising USD75 billion, a filing with the US Securities and Exchange Commission showed. Underwriters have the option to purchase an additional 83.33 million shares at the IPO price, with a total value of USD11.2 billion. Pricing at USD135 per share implies a company valuation of USD1.77 trillion, making it the seventh-largest company by market cap in the US and toppling Tesla, Inc. (TSLA.US), which has a market value of USD1.6 trillion. After the IPO, SpaceX founder Elon Musk will hold more than 82% of the voting rights, as revealed by the filing. The company plans to officially list on June 12. AASTOCKS Financial News |
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