SpaceX will be at the center of attention on financial markets this Friday as the company makes its stock-market debut.
The Elon Musk-led rocket, satellite and artificial intelligence company plans to raise as much as $75 billion (€65 billion) by selling nearly 555.6 million shares at $135 apiece.
That would make it the largest initial public offering (IPO) in history, breaking the previous record set by Saudi Aramco in 2019, when the oil giant went public and raised $26 billion.
The listing would instantly turn SpaceX into the seventh-biggest publicly traded US company. Because only 4% of its equity will be on offer, the total valuation would be a whopping $1.8 trillion.
SpaceX wants to use the proceeds from the IPO to fund its ambitious projects such as installing AI data centers in space and missions to Mars.Data centers in space: Solution or disaster? To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
