Elon Musk-led commercial space flight company SpaceX is reportedly targeting raising $75 billion via its IPO, which is scheduled to take place in the coming weeks.
SpaceX To Sell 555.6 Million Shares
The company is targeting the sale of 555.6 million shares for $135 per share, a source familiar with the matter cited in a report by Reuters on Tuesday said.
The report also said that SpaceX’s move to list the price is unusual at this stage, given that companies typically set a price range before meeting prospective investors during the roadshow, which is a promotional tour for the listing where companies and underwriters meet with potential investors.
SpaceX didn’t immediately respond to Benzinga‘s request for comment.
SpaceX IPO’s Amended Filings
The company had earlier outlined a $28.5 trillion market opportunity for SpaceX, most of which was tied to the company’s artificial intelligence pursuits.
Tesla Merger? Pay Package?
Meanwhile, a Tesla-SpaceX merger could also result in Musk’s $1 trillion CEO pay package automatically kicking into effect without the EV giant meeting the stipulated milestones in the package in the event of a merger/acquisition of Tesla, with compensation then solely depending on market capitalization.
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