SpaceX says it's worth $1.75tn as it targets largest stock market debut
SkimNews Take
The proposed share price, despite its size, represents a valuation that may be more a reflection of future potential than current assets or revenue, given the capital-intensive nature of space exploration and satellite internet.
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- SpaceX set a proposed share price of $135, valuing the company at about $1.75tn.
- SpaceX aims to raise $75bn in the IPO, a record compared with the $25.6bn raised by Saudi Aramco in 2019.
- SpaceX is slated to list on the Nasdaq on June 12, making its price estimate one of the earliest in market history.
- Elon Musk holds over 80% of SpaceX shares.
- Elon Musk could become a trillionaire if SpaceX shares sell at $135.
Why it matters: Investors gain a chance to buy into a $75 bn IPO; Musk’s >80% stake means a $135 price would lift his net worth above $1 tn, intensifying wealth concentration.
