Elon Musk’s rocket company SpaceX has revealed a proposed share price ahead of a potential listing that would be the biggest first public offering ever. SpaceX claimed in a filing outlining plans for its initial public offering (IPO) that its shares should trade at $135 (£100) each, lifting its own valuation of the corporation to almost $1.75tn.
It is rare to put a price tag on a stock listing this long in advance and the figure is a considerable increase from SpaceX’s prior valuation of $1.25tn earlier this year. The disclosure does not guarantee that its shares will sell at the suggested price, which will ultimately be selected by buyers. Price may increase or decrease.
SpaceX, which makes space exploration rockets and equipment but also owns xAI and Starlink, announced its expected share price more than a week before its public debut a step that is unusual.
Companies usually only announce the price they wish to sell their shares at the day before they begin trading on the open market. SpaceX is due to begin trading on the Nasdaq stock index on 12 June, making their price estimate one of, if not the earliest price projections in stock market history.
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