SpaceX expects to price its IPO as soon as June 11, with shares set to begin trading the next day on Nasdaq under the ticker SPCX. The company could file its S-1 registration statement with the SEC as early as this week and start the roadshow on June 4.
The offering seeks to raise as much as $75 billion at a $1.75 trillion valuation. That figure would exceed the $29 billion Saudi Aramco raised in 2019 at a $1.7 trillion valuation. Media reports have placed the potential range between $1.75 trillion and $2 trillion.
In terms of financials, the company reported revenue growth of more than 30% last year to $18.7 billion, though it posted a $4.9 billion net loss. Starlink contributed $4.4 billion in profit while xAI recorded $6.4 billion in losses.
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Governance provisions in the filing would create super-voting Class B shares that give Elon Musk near-total control. Only Musk would hold the power to remove himself as chief executive, while his current compensation package is already raising concerns.
Under the current plan, Musk could receive as many as 200 million Class B shares if the company reaches a $7.5 trillion valuation and establishes a Mars colony of one million people. An additional 60 million shares would be awarded if valuation hits $6.6 trillion and SpaceX deploys space-based data centers with 100 terawatts of computing capacity.
SpaceX accounted for more than 80% of global rocket launches last year and maintains over 10,000 Starlink satellites in orbit. It serves as a primary launch provider for NASA and the Pentagon on the Golden Dome missile-defense shield.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
