SpaceX IPO Details
SpaceX is preparing for a historic initial public offering (IPO) this week, expected to raise $75 billion by offering 555,555,555 shares at $135 each. This amount would surpass the previous record held by Saudi Aramco, which raised $26.5 billion in 2019, and Alibaba’s $21.8 billion in 2014.
Up to 30% of the shares will be available to retail investors, a rare move in IPOs. Investors can express interest through trading platforms like Robinhood, SoFi, Fidelity, Charles Schwab, and E*TRADE. However, a flipping clause is in place to mitigate high volatility post-IPO, discouraging immediate selling within 30 days.
At $135, SpaceX shares trade at approximately 100 times the company’s trailing 12-month sales, significantly higher than competitors like Palantir Technologies. Recent trends indicate that high-profile IPOs may experience initial hype followed by rapid declines, contributing to potential volatility in the early trading days.
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