SpaceX plans to raise $75B in its IPO
The short version
- Why it matters: This would be the largest IPO ever , and it's not even close. The current global record is $29.4 billion by Saudi oil giant Aramco in late 2019…
- Zoom in: SpaceX says that it plans to offer 555.6 million shares at $135 per share. It would be valued about $1.75 trillion at that price.
- The big picture: SpaceX began as a space launch company and currently makes most of its money from the Starlink connectivity service. Its big bet, however…
The story
SpaceX disclosed Wednesday that it plans to raise $75 billion in its initial public offering, which is expected to occur within a few weeks.
Why it matters: This would be the largest IPO ever, and it's not even close.
- The current global record is $29.4 billion by Saudi oil giant Aramco in late 2019, while the U.S. exchange mark was set in 2014 by China's Alibaba with $25 billion.
Zoom in: SpaceX says that it plans to offer 555.6 million shares at $135 per share.
- It would be valued about $1.75 trillion at that price.
The big picture: SpaceX began as a space launch company and currently makes most of its money from the Starlink connectivity service.
- Its big bet, however, is on artificial intelligence and orbital data centers.
- Musk's company argues the AI sector offers $26.5 trillion in total addressable market (TAM) — a figure that's impossible to verify. For context, the entire U.S. gross domestic product is around $32 trillion.
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How other outlets covered this
Compare allAlto found this story at 12 outlets. Same event, different framing — compare the headlines.
- Google NewsAnthropic Is Reportedly Being Upfront With Would-Be Investors About AI Backlash - Gizmodo5 days ago
- ZeroHedgeFutures Rise On Opex Day As Yields Stabilize; Bitcoin Almost Tags $80,0006 days ago
- VentureBeatCursor launches Origin code hosting platform as GitHub outage exposes opening in AI coding race10 days ago
- AxiosMusk and Zuckerberg claw back into AI race with new model momentum14 days ago
- GizmodoAs SpaceX Sheds a Tesla’s Worth of Value, Elon Musk Is Trying to Sell Investors on Another Company30 days ago
- The VergeApple’s OpenAI lawsuit is about who gets to define the post-smartphone eraabout 1 month ago
- The Guardian — WorldWhy are OpenAI and Anthropic cheering on regulation in Australia? The answer has global reachabout 1 month ago
- TechCrunchA SpaceX vet raised $65M to pull wire harnesses out of the Cold War eraabout 1 month ago
How this story developed
Full timelineAlto has tracked this across 36 days of coverage from 9 outlets.
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