SpaceX Files for IPO on Nasdaq, Targeting $75 Billion Raise as Early as June 12

GateNews
According to its prospectus filing with regulators on May 21, SpaceX plans to list shares on Nasdaq as early as June 12, targeting a $75 billion capital raise at a $1.75 trillion valuation. According to the filing, Musk will retain 85.1 percent of the company's voting power; even at a lower $1.25 trillion valuation, his stake would be worth over $600 billion. Combined with his other assets, this would push his personal net worth past the $1 trillion mark. SpaceX also revealed it is acquiring xAI to integrate artificial intelligence, rockets, and satellites under one corporate roof.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments