Key Points
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SpaceX is set to launch its initial public offering (IPO) on June 12, 2023, potentially valuing the company at $1.77 trillion.
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The company plans to sell 555.6 million shares at $135 each, aiming to raise around $75 billion.
- Despite revenue growth to $18 billion last year, SpaceX recorded a net loss of $4.9 billion.
SpaceX’s IPO on June 12, 2023, is anticipated to be historic, with a valuation potentially reaching $1.77 trillion. The company aims to sell 555.6 million shares priced at $135 each, targeting approximately $75 billion in funds raised. Founded in 2002 by Elon Musk, SpaceX operates in sectors like rocket launches, satellite internet, and artificial intelligence (AI).
In 2022 alone, SpaceX achieved 165 orbital launches, more than any other company, while using reusable rockets for 85% of those missions. Starlink, SpaceX’s satellite internet service, was its most profitable segment, contributing over $7.1 billion in adjusted EBITDA last year, despite a total revenue of $18 billion against a net loss of $4.9 billion.
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