Elon Musk's SpaceX kicks off mega IPO wave with $75 billion haul - Reuters

<a href="https://news.google.com/rss/articles/CBMiugFBVV95cUxOekpwVFNxU05GMDlwaEZqZC1LT2ctYzRMZXo3VERKcHVCVU1iSzQtZ1lGMUpheGpKdHQ1N3p3ZEZDYkZHZW1HdGZDU0U0Q1hYNVNKU0NlZUNyWnY1TVpvTGx3X0cydENwaDA1cnRQS1FCUE1jMXBnVk05ZG55bzhyLTRVRnFWSTc2U3JvS2IwT1FDalJhVnRQV0RLVGVVcUtvTmxRbEFuSS1EZXotdktxYkItaWhFLWFQaEE?oc=5" target="_blank">Elon Musk's SpaceX kicks off mega IPO wave with $75 billion haul</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

The article outlines the massive scale and ambition behind SpaceX’s upcoming IPO, showcasing unprecedented figures and Elon Musk’s expansive vision for interplanetary colonization. SpaceX plans to raise $75 billion by selling 555 million shares at $135 each, potentially valuing the company at $1.77 trillion—placing it among the most valuable publicly traded companies globally. Elon Musk, already the world’s richest individual with a net worth of $794.6 billion, stands to become the first trillionaire depending on the IPO’s impact on his holdings. The IPO would also be the largest in history, far surpassing Saudi Aramco’s 2019 record. Musk will retain 82.4% voting power due to ownership of high-voting Class B shares. SpaceX’s ambitious plans include deploying 100,000 Starlink satellites (up from 9,600 currently), colonizing Mars with at least 1 million people, and heavy spending in 2025: $20.7 billion across units, $11.4 billion of which was on connectivity, and $131 million on Tesla Cybertrucks. Notably, 30% of the IPO shares will go to retail investors—much higher than the usual 5-10%. The prospectus reflects both Musk’s sci-fi aspirations and his aggressive financial strategy toward making SpaceX a centerpiece of the future space economy.

SpaceX has made history by raising $75 billion in the largest initial public offering on record. The IPO priced 555.6 million shares at $135 each, with the stock expected to start trading publicly on the Nasdaq under the ticker 'SPCX.' This IPO positions SpaceX among the most valuable companies globally, with speculation that upcoming public offerings from Anthropic and OpenAI could rival or surpass it later in the year.