SpaceX set for a record-breaking IPO; Musk aims to raise $86.2 billion

SpaceX, the company owned by Elon Musk, has set a price of $135 per share ahead of its IPO, according to filings with the SEC, the US equivalent of Consob. The company intends to place 555.6 million shares, raising a total of $75 billion, with an option for underwriters to purchase a further 83.33 million shares worth $11.2 billion.

At 86.2 billion, it would be the largest IPO in history, surpassing the 29 billion raised by Aramco in 2019. Meanwhile, SpaceX’s market capitalisation would soar to 1.77 trillion. Musk will hold a controlling stake with voting rights exceeding 82%.