SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its initial public offering, according to people familiar with the matter, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal.
The rocket, satellite and artificial intelligence company aims to sell 555.6 million shares in the offering, the people said. Deliberations are ongoing and details of the IPO could still change before the terms are disclosed as soon as Wednesday, or even during the marketing process, they said, asking not to be identified as the information isn’t public. The move adds to the unconventional aspects of a deal that’s set to be the biggest ever listing.
We get reaction from George Ferguson, Senior Aerospace Analyst for Bloomberg Intelligence.
——–
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Saturday & Sunday 7am-10am ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Visit our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
The latest financial news and market analysis, direct from Bloomberg TV, it is distributed globally, reaching over 310 million homes worldwide….brought to you by SloppBoxx.
That first comment on starlink misses that the TAM for none cities on earth is about a billion customers.
Congratulations Elon on becoming the first trillionaire. Keep going.
eu blacklisted spacex see it as uninvestable no guardrails dont play by rules i can go on us is a liability low credit score
A price-to-sales multiple nearing 100x pffft people are stupid
Retail exit liquidity
Hello my name Lucy rose Millbrook Alabama
SPACEX IPO IS OVERSUBCRIBED ALREADY! “”DISCOVER easy SpaceX exposure…XOVR has a lot of exposure Pre-IPO. It is publicly traded and I think you can purchase options on it – will it Moon like DXZY did?”