In the coming days, Elon Musk’s AI, rocket, and satellite company will make its stock market debut, which could be the biggest IPO in history. Unusually, a sizable percentage of those shares have been set aside for private investors.
Aiming to generate about $75 billion (€64.5 billion) in new cash, the IPO, which is set for Friday, June 12, is anticipated to price shares at $135 apiece, giving SpaceX a valuation of about $1.75 trillion (€1.5trn). It is anticipated that the company will trade under the symbol SPCX.
According to reports, SpaceX has set aside up to 30% of its offering for civilian investors, which is unusual for a successful initial public offering (IPO) that is usually dominated by institutional buyers. In the past, regular European retail investors have found it challenging or impossible to participate in a number of well-known US initial public offerings (IPOs) at the IPO price. However, SpaceX has allocated up to 55.6 million newly issued Class A shares roughly 10% of its newly issued public shares to retail investors in seven European nations, according to its prospectus.
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