SpaceX Moves Toward Record-Breaking Stock Market Listing
According to a regulatory filing submitted to US authorities on Tuesday, the company intends to offer 555.6 million shares priced at $135 each.
If completed as planned, the offering would surpass the record-breaking 2019 stock market debut of Saudi Aramco, which generated $29.4 billion.
The filing indicates that Elon Musk, who currently owns roughly half of SpaceX, would continue to hold close to half of the company's shares following the public offering. Through a special voting structure, he would maintain control of 82.4% of shareholder voting rights.
The listing could significantly boost Musk’s fortune. Based on the proposed share price, his ownership stake in SpaceX would be worth an estimated $841 billion. When combined with the value of his holdings in Tesla, his total net worth could rise beyond the $1 trillion mark.
Established in 2002, SpaceX has evolved far beyond its original focus on rocket launches. The company now operates across multiple sectors, including space transportation, satellite-based internet services and artificial intelligence.
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