SpaceX to press ahead with IPO as early as this week… “$75 billion to be raised”
Summary
- It reported that SpaceX plans to file a prospectus with regulators to begin the initial public offering (IPO) process as early as this week.
- The Information said it expects SpaceX to raise about $75 billion (about 111.9675 trillion won) through the listing.
- It noted that SpaceX’s recent $1.25 trillion valuation is likely to be finalized ahead of the IPO.
Forecast Trend Report by Period
Elon Musk’s aerospace company SpaceX is expected to begin the initial public offering (IPO) process as early as this week.
Reuters reported on the 24th (local time), citing IT outlet The Information, that SpaceX plans to file its prospectus with regulators for an IPO later this week or next week.
Filing the prospectus is the first step in an IPO. After that, the company goes through regulators’ questions and revisions, conducts a roadshow, sets the offering price, and lists.
The Information projected that SpaceX will raise $75 billion (about 111.9675 trillion won) through the listing.
That would far exceed the previous record for IPO fundraising of $29 billion set by Saudi Arabia’s state oil company Aramco in 2019.
SpaceX was recently valued at $1.25 trillion. The final valuation is expected to be set ahead of the IPO.
SpaceX is running businesses including the satellite-based internet service Starlink and the large spacecraft Starship program. It also recently expanded its scale by acquiring the artificial intelligence startup xAI, which Musk had led.
Oh Se-seong, Hankyung.com reporter sesung@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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