A man walks by a SpaceX Falcon 9 rocket displayed outside a SpaceX facility in Hawthorne, California, on March 26. [AFP/YONHAP]
Elon Musk's space company, SpaceX, is set to make its Nasdaq debut on June 12. It's expected to become the largest initial public offering (IPO) in history and potentially reshape global equity markets — and the Korean bourse is no exception.
SpaceX is expected to be valued between $1.75 trillion and $2 trillion, with the offering size projected at $75 billion to $80 billion, according to foreign media reports and industry estimates as of June 1. The estimates are more than double the previous record set by Saudi Arabia's national oil company, Saudi Aramco, which raised $29.4 billion during its IPO.
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SpaceX is scheduled to begin an investor road show on June 4, during which it is expected to finalize details such as the size of the offering, the IPO price and valuation.
