SpaceX has announced its initial public offering (IPO) price at $135 per share, valuing the company at $1.77 trillion. According to a filing with the U.S. Securities and Exchange Commission, SpaceX plans to issue 555.6 million shares to raise $75 billion. This valuation positions SpaceX as the seventh-largest publicly traded company in the U.S. by market capitalization.
The company, owned by Elon Musk, is set to officially list on the stock exchange on June 12th. SpaceX's unique pricing strategy, which bypasses the typical price range testing, reflects its confidence in market demand. The current valuation exceeds its previous estimate of approximately $1.6 trillion.
SpaceX Sets IPO Price at $135, Valuing Company at $1.77 Trillion
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