SpaceX has raised $75 billion from major financial institutions ahead of what could be the biggest stock offering in history. According to documents filed with the US Securities and Exchange Commission (SEC), the company’s shares were sold at a price of $135 per share. writes the BBC.
This price is in line with previously announced guidance and implies SpaceX’s market capitalization at about $1.8 trillion.
Experts expect high demand for the company’s securities from both institutional investors and individuals. Some analysts are already predicting further growth in prices. Thus, the brokerage company Oppenheimer estimates the potential of shares at $190 per share.
If, after the start of trading, the price remains at the offering level or turns out to be higher, SpaceX will immediately become one of the most valuable public companies in the world. However, the final valuation of the business will be determined by the market during open exchange trading.
SpaceX’s first employee and Impulse Space founder, Tom Mueller, called the company’s journey an “incredible journey,” recalling the company’s first failed engine and rocket tests and its successful launch into orbit in 2008, a turning point in the company’s history.
SpaceX’s going public could be an important benchmark for other large private tech companies, including Anthropic and OpenAI, which are also considering IPOs.
Despite going public, Elon Musk will retain virtually complete control over SpaceX thanks to a share structure with varying voting rights.
After the offering, he will own about 40% of the company’s capital and control more than 84% of shareholder votes, allowing him to determine key decisions without significant influence from other investors.
Analysts note that such a management system ensures stability of the company’s strategic course, but at the same time increases risks for minority shareholders, since a significant part of corporate decisions remains in the hands of one person.
