Key Facts on SpaceX IPO
SpaceX is set to begin trading on the Nasdaq on June 12, 2023, under the ticker SPCX. The company is anticipated to raise $75 billion by offering approximately 555.6 million shares at a fixed price of $135 each. This fundraising would set a record for initial public offerings (IPOs), surpassing the previous record of $29.4 billion established by Saudi Aramco in 2019.
With an initial market value of about $1.77 trillion, SpaceX is positioned to become one of the most valuable companies globally. However, historical trends suggest that many large IPOs see shares trading below their initial offering price in the following months, providing a cautionary note for investors. Currently, only about 4% of SpaceX’s shares are being sold, with the remainder held by insiders, indicating potential volatility as these shares become eligible for sale in the future.
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