SpaceX IPO Targets $75 Billion with $135 Shares to Justify Valuation
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX is planning an IPO aiming to raise $75 billion by selling 555.6 million shares at $135 each. The company's projected valuation stands at $1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla (TSLA). Former Tesla board member Steve Westly suggested that SpaceX must achieve at least two of its three major projects, dubbed 'moonshots', to maintain this valuation. The company’s only profitable unit is the Starlink satellite internet service, which is crucial for its revenue stream. This IPO marks a monumental moment in the market, raising questions about pricing and potential future merges with Tesla.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Tesla Inc. (TSLA)
Tesla is the leading electric-vehicle maker, also building energy-storage systems, solar products, and autonomous-driving and robotics technology.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier TSLA news
- SpaceX IPO Set to Influence Market Dynamics Amid Tech Rebound
- SpaceX (SPCX) IPO Raises $75 Billion, Values Company at $1.77 Trillion
- SpaceX Stock Potential Similar to Tesla's Trading Patterns
- Tech Stocks Decline, Oil Prices Rise Post US Strikes on Iran
- SpaceX (SPX) Pre-IPO Futures Trading at $162, 20% Above IPO Price
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