SpaceX Sets $135 Share Price for Nasdaq IPO at $1.75tn Valuation Despite Heavy Losses

SpaceX released a suggested share price of $135 per share ahead of its planned IPO. 25tn earlier this year. The company is expected to start trading on the Nasdaq stock index on 12 June.

SpaceX is aiming to raise $75bn in its IPO. 6bn set by Saudi Aramco in 2019. The revelation of the price more than a week before trading begins is unusual, as companies typically set the final price the day before shares begin trading on the open market.

Elon Musk controls more than 80% of SpaceX. Should shares sell at or above the suggested price, he could become a trillionaire, though the final price will be determined by buyers and could rise or fall. 9bn.

3bn. 5bn of debt. SpaceX builds space exploration rockets and infrastructure, owns xAI and Starlink, and is investing in artificial intelligence, social media, space-based internet services and data centres.

Samuel Kerr, head of equity capital markets research at Mergermarket, said SpaceX's valuation ratio compared to its sales is higher than any other major company in the Mag 7. He noted that the company is being valued on future earnings and revenue rather than current results.

Laurence Pevsner, a partner at venture capital firm Lux Capital, said the AI lab is what is really spiking the valuation. He described it as a risky bet to put onto shareholders. According to data from Dealogic, almost half of companies that have gone public in the last 30 years have seen their value decrease compared to when they listed.