Elon Musk's Space Exploration Technologies Corp (SPCX), commonly known as SpaceX, is set to make its market debut on the Nasdaq on June 12, according to reports from sources including Xinhua Finance. The listing is poised to shatter the long-standing global record for an initial public offering, surpassing Saudi Aramco to claim the top spot in financial history.
The company is employing an uncommon fixed-price offering model for its IPO, setting the share price at $135. Approximately 556 million shares will be issued, aiming to raise a substantial $75 billion. This move will value the company at a staggering $1.77 trillion.
Upon listing, SpaceX's market capitalization is expected to immediately exceed that of Tesla, propelling it into the elite ranks of U.S.-listed technology giants valued in the trillions. The underwriting syndicate for this landmark offering is exceptionally prestigious, featuring all the leading Wall Street institutions such as Goldman Sachs, Morgan Stanley, and JPMorgan Chase.
Concurrently, the identities of SpaceX's suppliers based in China's A-share market have been brought to light.
Comments