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SpaceX has officially priced its initial public offering at $135 per share, marking what is reported as the largest IPO in history. The offering involves 555,555,555 shares, with an option for underwriters to purchase an additional 83.3 million. The company is set to begin trading on the Nasdaq under the ticker symbol SPCX, with a valuation estimated at $1.77 trillion. This debut surpasses the previous record held by Saudi Aramco’s 2019 listing.
The IPO is notable for its significant allocation to individual investors, who are being sought for up to 30% of the shares, a higher portion than is typical for such offerings. Analysts view the event as a major test of market appetite for both the aerospace sector and artificial intelligence, given SpaceX's recent acquisition of xAI. While some analysts highlight the potential for market volatility and concerns regarding CEO Elon Musk’s divided attention, others note the company's dominant position in the space industry as a primary driver of investor interest.
SpaceX priced its IPO at $135 per share, resulting in a total valuation of approximately $1.77 trillion.
The offering raised $75 billion, making it the largest IPO on record and surpassing Saudi Aramco's 2019 debut.
SpaceX has allocated up to 30% of its shares to individual investors, significantly higher than the standard practice for public offerings.
Elon Musk retains significant control over the company, holding more than 80% of the voting power and maintaining authority over the board.
The stock is scheduled to trade on the Nasdaq under the ticker symbol SPCX.
Shares are expected to be available through online brokerage platforms such as Robinhood, Fidelity, Charles Schwab, and SoFi under the ticker SPCX.
According to the company's listing prospectus, Elon Musk retains control over the board and holds more than 80% of the company's stock voting power.
Analysts suggest that if the high-profile IPO performs poorly, it could trigger a broader market sell-off or a cooling of the IPO market, particularly given the current investor optimism surrounding AI and tech stocks.
The investment banks facilitating the offering are expected to earn fees exceeding $500 million, which is reported as the largest payout ever for such services.
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