Reuters reported on the 2nd that SpaceX, the space company led by Tesla Chief Executive Officer Elon Musk, plans to raise about $75 billion (about 114 trillion won) through an initial public offering (IPO) scheduled for this month.
Citing sources familiar with the matter, Reuters said SpaceX set the offering price at $135 per share. At $135 per share, it will issue about 555.6 million shares and aims to raise up to $75 billion through the sale. The goal is to be valued at $1.75 trillion (about 2,662 trillion won). If SpaceX proceeds with the listing as planned, it would be the largest IPO on record.
SpaceX's IPO investor presentation (roadshow) will begin on the 4th. Reuters said, "It is unusual to present the offering price even before starting the roadshow." Typically, corporations first present an expected price range and then finalize the price after reflecting demand. SpaceX is known to be holding the roadshow on the 4th, releasing the offering price by the 11th, and listing on Nasdaq on the 12th. The ticker symbol is "SPCX."
In addition, SpaceX is reportedly reviewing an option to allocate up to 30% of the total offering to individual investors. This is an unusually high ratio for a large IPO and is seen as a strategy to actively leverage retail demand by tapping into Musk's strong fan base.