SpaceX (SPCX) Sets $135 IPO Price with $1.75 Trillion Valuation
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX (SPCX) is planning to set a fixed IPO price of $135 per share, aiming for a valuation of $1.75 trillion. The company intends to offer 555.6 million shares, leading to a total offering size of approximately $75 billion. This would make SpaceX the seventh-largest company in the U.S., surpassing Tesla's market cap of about $1.6 trillion. The IPO is anticipated to be the largest ever, exceeding Alibaba's previous record. SpaceX is set to debut on Nasdaq on June 12, 2023.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Tesla Inc. (TSLA)
Tesla is the leading electric-vehicle maker, also building energy-storage systems, solar products, and autonomous-driving and robotics technology.
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