SpaceX to Target $75 Billion Raise with IPO Price at $135 Per Share – Reuters
Reuters reported that sources familiar with the matter have said that ahead of its investor roadshow, SpaceX plans to fix its IPO price to raise a record-setting $75 billion.
(Starbase, Texas) Sources have reported that SpaceX plans to fix its IPO price at $135 per share to raise $75 billion, in a surprise move ahead of the company’s investor roadshow, according to a Reuters article published last night (Jun. 2).
Image of SpaceX’s May 25th Falcon 9 launch of 29 Starlink satellites from Cape Canaveral, Florida courtesy of SpaceX on Instagram, @spacex.
Reuter’s sources said that SpaceX – which plans to go public on the NASDAQ under ticker symbol SPCX on June 12 – intends to share 555.6 million shares at a valuation of $1.75 trillion.
A fixed price ahead of presentations to investors and bookbuilding is highly unusual, per Reuters – companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand.
SpaceX’s roadshow begins tomorrow, Jun. 4.
