SpaceX shares' role and U.S. ties
SpaceX is preparing to launch its shares on the New York Stock Exchange on June 12, marking the largest initial public offering in history, valuing the company at over $75 billion through the sale of 555.6 million shares at $135 each. The offering aims to raise the company's valuation to approximately $1.78 trillion, making it the seventh-largest company in the world by market value, with about a quarter of the shares allocated to individual investors. Elon Musk's company continues to be under his controlling influence due to his majority voting power, while its relationships with the U.S. government—its biggest client—play a crucial role in its ongoing operations and expansion in the space and military technology sectors.
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