SpaceX's Starship lifts off May 22 on the Flight 12 mission. Credit: SpaceX
WASHINGTON — SpaceX plans to raise at least $75 billion in its initial public offering, valuing the company at more than $1.75 trillion.
The company filed an updated prospectus for its IPO with the Securities and Exchange Commission on June 3, which included the number of shares and price of those shares it plans to sell. That information was not included in the original S-1 registration statement filed May 20.
SpaceX stated it will sell 555,555,555 shares of its Class A stock in the IPO at $135 per share. That would raise $75 billion for the company before expenses. Underwriters of the IPO will have the option to purchase an additional 83.3 million shares at the same price for up to 30 days after the IPO, generating an additional $11.25 billion.
The company estimates that, after expenses, it will have net proceeds of $74.4 billion from the IPO, or $85.7 billion if the underwriters purchase their additional allotment. That would make the SpaceX IPO by far the largest in history, far surpassing the $29.4 billion raised by oil company Saudi Aramco when it went public in 2019.
