SpaceX plans $75 billion IPO, aiming for record-breaking debut

SpaceX is planning a historic initial public offering (IPO) that could raise up to $75 billion, potentially making it the largest stock market debut ever. The space exploration company, founded by Elon Musk in 2002, aims for a valuation of $1.77 trillion, offering 555,555,555 Class A shares at $135 per share. The company intends to list on the Nasdaq under the ticker symbol SPCX.

If successful, the IPO would surpass Saudi Aramco's $29.4 billion offering in 2019, which currently holds the world record. The substantial funds raised are earmarked for several key areas. SpaceX plans to invest in expanding its artificial intelligence ventures, bolstering rocket launch capabilities, and enhancing its satellite infrastructure. A significant portion will also be used to repay a $20 billion bridge loan.

Recent filings indicate that SpaceX's satellite internet service, Starlink, has become a crucial revenue stream, helping to finance the development of the Starship rocket. Starship is central to SpaceX's long-term ambitions of manned missions to the Moon and Mars. The company has also secured a deal with AI firm Anthropic to provide computing power valued at $1.25 billion per month.

Despite the public offering, Elon Musk is set to retain significant control over SpaceX. Through Class B shares, which carry ten times the voting power of regular shares, he will hold approximately 84.4% of the voting rights. This structure ensures his decisive influence over the company's future direction.

“

Elon Musk will retain about 84.4 percent of the votes and thus decisive control over the company.