SpaceX targets fixed $135 IPO roadshow price at $1.75 trillion valuation, source says
SpaceX is set to launch its initial public offering with a fixed share price of $135, aiming for a valuation of $1.75 trillion. The company plans to offer 555.6 million shares, resulting in a $75 billion offering size. If successful, this IPO would make SpaceX the largest in history, surpassing Alibaba's previous record.
- ▪SpaceX is targeting a fixed IPO price of $135 per share.
- ▪The company plans to sell 555.6 million shares, leading to a $75 billion offering size.
- ▪At a $135 share price, SpaceX would be valued at $1.75 trillion, making it the seventh-largest company in the U.S.
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Elon Musk's SpaceX is planning to set a fixed price of $135 per share ahead of officially marketing its initial public offering, a person familiar with the matter confirmed to CNBC on Wednesday.Typically, at this stage of the process, new issuers will offer a price range that allows a company and its advisers to gauge demand sensitivity at different levels. In this case, SpaceX took a more unique approach after a slew of testing-the-waters meetings leading up to the roadshow launch.The company plans to sell 555.6 million shares, implying a $75 billion offering size, according to the person, who spoke on condition of anonymity because the details are private.
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