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Masck plans to raise $86B via SpaceX IPO
SpaceX has announced its plans to raise up to $86 billion through an initial public offering (IPO), with a total market valuation of $1.78 trillion—one of the largest offerings in history. The company will issue 555.6 million shares at a targeted price of $135 per share, with the possibility of increasing the funding if the option to sell additional shares is activated. The proceeds are intended to be invested in expanding infrastructure for space and artificial intelligence projects, such as data centers, the development of space transport vehicles, and the Starlink satellite networks. The IPO would give Elon Musk control over 82% of the company's voting rights, while he retains certain class-specific shares that prevent him from being ousted. This offering comes amid intense competition among major tech companies to raise substantial capital, with stock valuations ranging from billions to very high levels.
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