SpaceX Launches IPO Roadshow at JPMorgan, Targeting $135/Share Price
Elon Musk joined Jamie Dimon in a virtual interview to open the IPO roadshow. The company plans to sell 556 million shares at $135 each.
New York PostElon Musk joined JPMorgan CEO Jamie Dimon in a virtual interview on Thursday at the bank’s Manhattan headquarters to open SpaceX’s investor roadshow. ” SpaceX plans to sell about 556 million shares on Nasdaq under the ticker SPCX. The offering is scheduled to close on June 11, with trading set to begin the next day.
The company recently set its share price at $135. JPMorgan is one of 23 banks working on the deal. Goldman Sachs and Morgan Stanley are serving as lead underwriters. In its May S-1 filing with the Securities and Exchange Commission, SpaceX said it would generate billions from AI projects, Starlink broadband and mobile services, and space-enabled solutions.
7 billion. 3 billion for the three months ended March 31.
Transparency
Story details
Related Stories
thesouthafrican.comHunter Biden Calls Fiat Currency a Sham, Endorses Blockchain as Future
Hunter Biden posted on X that fiat money is a sham and the banking class is corrupt. He added that decentralized digital currency and blockchain technology represent the inevitable future.
Trump Administration Moves Defaulted Student Loans to Treasury for Collection via Existing Federal Program
The move routes defaulted borrowers through the Treasury's Cross-Servicing program, which relies on private contractors. More than 10 million borrowers are in default or delinquency.
thehindu.comIran Says It May Close Strait of Hormuz in Response to U.S. Actions
Iranian statements tie responsibility for any complete shutdown of the Strait of Hormuz to U.S. conduct. Officials link the warning to oil and gas export routes.