The world’s richest businessman Elon Musk is preparing to make another big record. His space company SpaceX is planning to launch a record IPO of about $75 billion, which could be the world’s largest IPO till date. Through this IPO, the value of the company can reach 1.8 trillion dollars. If this plan is successful, Musk can take a big leap towards becoming the world’s first trillionaire.
The company has said in the documents given to the US Securities and Exchange Commission (SEC) that it is planning to sell about 55.56 crore shares at a price of $ 135 per share. According to this price, the market value of SpaceX is around 1.77 trillion dollars. Adding employee stock options and other shares, the total value of the company could exceed $1.8 trillion.
This step of SpaceX, which operates from Starbase in Texas, is also considered very important for investors. The special thing is that the company has fixed the share price even before taking orders from investors. This method is rarely seen for such a big IPO in America, because most of the companies first tell the price band and then decide the final price according to the demand. If this IPO is successful, it will leave far behind the record of $29.4 billion raised by Saudi Aramco in 2019. Along with this, it may become easier for OpenAI, Anthropic and other big AI companies to enter the stock market.
SpaceX will become the most valuable company
SpaceX has expanded its business rapidly in the last few years through rocket launches, Starlink satellite internet service and defense projects. In February, the company had purchased Musk’s AI company xAI, after which the value of his company strengthened further. Experts believe that with a potential value of $1.8 trillion, SpaceX will become one of the most valuable companies in the world. This Musk’s electric vehicle company could be bigger than Tesla. In such a situation, this IPO can prove to be a big milestone not only for SpaceX but also for the entire global tech and space industry.
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