Business & Economy · 32 views
SpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation
It’s official: SpaceX is on track to be the largest IPO in history, seeking to raise $75 billion once it goes public later this month.
Summary
It’s official: SpaceX is on track to be the largest IPO in history, seeking to raise $75 billion once it goes public later this month. The company will sell 555.6 million Class A shares at a fixed price of $135 each, according to an amended statement filed with the SEC on Wednesday. Combined with the company’s total shares outstanding, that prices SpaceX at roughly $1.77 trillion; enough to make it, on arrival, the seventh-largest company in the U.S. per the Fortune 500 list, walloping current no.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Business & Economy
Continue reading recent Business & Economy coverage
- Rosebank: Life on the oil field at the centre of a political stormContinue reading
- The world’s biggest producer of maple syrup has nearly exhausted its strategic reserves after Americans hoarded supplies ahead of Trump’s tariffsContinue reading
- Six Flags to Add Seatbelts on Roller Coasters After Rider’s DeathContinue reading
- My father-in-law, 81, sold his $75,000 home to pay his daughter’s $50,000 debt. How can I keep him from becoming destitute?Continue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow