SpaceX Launches $75 Billion IPO at $1.75 Trillion Valuation While Reporting $4.9 Billion Loss
SpaceX began investor meetings Thursday ahead of a planned IPO next week priced at $135 per share. The company targets a $1.75 trillion valuation and has set aside up to 30 percent of shares for retail buyers.
SpaceX opened its investor road show on Thursday with a client event at JPMorgan Chase’s New York headquarters where CEO Jamie Dimon interviewed Elon Musk before 3,500 of the bank’s top clients. Dimon praised Musk as the “Edison of our time” at the start of the interview, which Musk joined remotely. Maye Musk also appeared as a special guest.
Dimon will lead a nationwide pitch for the offering to thousands of the bank’s wealthiest clients on Thursday evening, two sources familiar with the matter said. 75 trillion valuation including greenshoe option. The company will begin the IPO next week at a fixed price of $135 per share.
7 billion in revenue for 2025. The company raised $7 billion in a filing last month. SpaceX has allocated up to 30 percent of the offering for retail investors.
Fidelity reduced the minimum brokerage account balance required to access SpaceX shares to $2,000, down from the $500,000 minimum it set for previous IPOs. E-Trade offered extra SpaceX share allocation to Tesla shareholders with at least 10 years of ownership. JPMorgan is one of the top Wall Street banks running the books for the IPO.
75 percent. Goldman Sachs decorated the lobby of its Manhattan headquarters with rocket ships, and Bank of America lit its building in the shape of a SpaceX rocket on Thursday night. Musk told investors the capital is needed to harness the power of the sun and colonize other planets.
He said it would be “pretty cool if you could vacation on the moon” and described Mars as “a fixer-upper of a planet, but it’s got a lot of potential,” adding that warming the planet could one day produce liquid oceans and allow people to walk outside without a spacesuit.
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