SpaceX Sets IPO Price at $135, Marking Largest Offering in History

Aerospace company SpaceX has set its initial public offering (IPO) price at $135 per share, Reuters reported on June 11 (local time).

This confirms the preliminary offering price that was previously announced.

While companies typically provide a price range ahead of an IPO, SpaceX took the unusual step of fixing its preliminary offering price at $135 per share from the start.

With this, SpaceX will sell 555.56 million shares to raise $75 billion (approximately 113.8 trillion won).

This is expected to be the largest IPO in history, surpassing the record of $29.4 billion set by Aramco in 2019.

Based on the offering price, SpaceX's market capitalization will reach $1.77 trillion, placing it among the top 10 publicly traded companies globally.

The largest shareholder is founder and CEO Elon Musk, who will retain 84% of the voting rights following the IPO through dual-class stock structures.

SpaceX is scheduled to be listed on Nasdaq and Nasdaq Texas on June 12.

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.