The world’s richest man is about to get even richer when SpaceX goes public on Friday in a historic debut.
The space and tech company SpaceXwhich is owned by Elon Musk, goes public on Friday at a price of 135 dollars per share.
This is stated by SpaceX on Thursday in a report to the American stock exchange authorities.
With more than 555 million SpaceX shares for sale, the IPO will bring the company 75 billion dollars – a good 484 billion kroner.
It will thus be the largest IPO ever.
This is considerably more than the biggest IPO to date, which Saudi Aramco was responsible for in 2019. The IPO brought the oil company 29.4 billion dollars at the time.
Musk could become the first person with a fortune of over 1,000 billion. dollar
Friday’s IPO places SpaceX among the ten largest companies on the US stock markets. SpaceX is valued at 1770 billion dollars.
This makes SpaceX worth more than Tesla, Meta and Walmart.
SpaceX is known, among other things, for sending rockets into space. The company has become the American space administration NASA’s largest partner in connection with launches.
But the majority of revenue comes from Starlink, the company’s extensive network of internet satellites.
If Friday’s IPO goes as planned, Elon Musk, who is already the world’s richest man, is on paper to become the first person with a fortune of over a trillion dollars.
Becomes the first major AI company on the stock exchange
The astronomical amount corresponds to approximately DKK 6470 billion.
Powerful Elon Musk runs a sprawling network of companies in everything from electric cars, space and satellites to artificial intelligence and social media.
He is behind companies such as Tesla and owns the social media X, formerly called Twitter.
SpaceX will be the first of the major technology and AI companies to go public.
OpenAI, the company behind ChatGPT, and Anthropic, behind the AI chatbot Claude, are expected to follow suit. Both have recently submitted documents to the authorities for their own IPOs.
/ritzau/AFP
