SpaceX targets $1.75 tril. valuation including greenshoe option in record IPO, sources say
SpaceX is planning a record initial public offering (IPO) aiming to raise at least $75 billion and achieve a valuation of $1.75 trillion. The IPO will provide public investors a chance to invest in Elon Musk's vision for space and technology. The offering is expected to be an all-primary offering, with proceeds going directly to the company.
- ▪SpaceX plans to raise at least $75 billion in its IPO.
- ▪The company is targeting a valuation of $1.75 trillion, including a greenshoe option.
- ▪The IPO roadshow is set to begin on Thursday.
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SpaceX logo and miniature satellite model are seen in this illustration taken, Mar. 10, 2025. Reuters-YonhapSpaceX, Elon Musk's rocket and satellite company, plans to raise at least $75 billion in its record initial public offering, two people familiar with the matter told Reuters on Tuesday.After early meetings with investors, or a "testing the waters" process, the company has indicated it is targeting a valuation of $1.75 trillion, including a greenshoe option, the sources said, requesting anonymity to discuss confidential information. The greenshoe option gives underwriters the right to sell additional shares if investor demand exceeds expectations.Reuters previously reported that the company was considering a preliminary valuation estimate of around $1.75 trillion at the IPO.
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