SpaceX Targets US$1.75 Trillion Valuation Including Greenshoe Option in Record IPO, Reuters Sources Say
The all-primary offering would send proceeds to SpaceX as underwriters prepare a greenshoe option if demand exceeds expectations.
- On Tuesday, SpaceX announced plans to raise at least $75 billion in a record initial public offering targeting a $1.75 trillion valuation, sources told Reuters.
- Following a "testing the waters" process with investors, the company indicated its valuation target and fundraising goals to banks after early meetings to gauge demand.
- SpaceX plans to trade on the Nasdaq under ticker "SPCX" and reported revenue of $4.69 billion for the three months ended March 31, with Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, and JPMorgan managing the offering.
- The $1.75 trillion target significantly exceeds research firm Morningstar's approximately $780 billion valuation estimate, while the listing could spark a wave of mega IPOs including OpenAI and Anthropic.
- Governance concerns persist as a dual-class share structure concentrates voting power in Musk's hands and a small group of insiders, though investor interest remains strong due to Starlink's profitability.
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With an assessment of US$ 1.75 trillion and the company recording a revenue of US$ 18.67 billion in 2025, SpaceX would be traded at a multiple price/historical billing of 93.7 times
SpaceX’s Capital Needs Are Out of This World
Elon Musk’s SpaceX needed comparatively little money to build a world-beating space launch and satellite-broadband firm. But as it reframes itself partly as an artificial-intelligence infrastructure company — offering both terrestrial and potentially space-based computing capacity — its financial needs are massively increasing. This doesn’t bode well for a mooted $1.8 trillion valuation in its initial public offering.
SpaceX's mega exchange is about to take place. Insiders are already reporting on a target price. A fixed price designation at this point in time is very unusual.
SpaceX IPO: $135 share price, $75B raise target, $1.75T valuation ahead of roadshow
SpaceX IPO set at $135 per share to raise $75B for a $1.75T valuation as Musk's roadshow begins, targeting a record-breaking Nasdaq debut under SPCX with a major retail allocation and AI-driven growth plans
SpaceX plans record $75 billion IPO at $135 per share, source says
The offering would value Musk’s company at $1.75 trillion, with up to 30% of shares earmarked for retail investors; proceeds are expected to fund AI computing expansion and Starlink growth, while Musk must hold his shares for at least a year
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Bias Distribution
- 40% of the sources are Center
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