Elon Musk, founder and CEO of SpaceX
SpaceX has submitted a confidential application in the US. Initial public offering could triple Saudi Aramco’s business.
A SpaceX submitted an application for an initial public offering (OPI – or IPO, in its acronym in English) with the Securities and Exchange Commission of the USA.
A indicates that the document was presented in a confidential and was not published on the commission’s website.
An initial public offering is when a private company sells shares to the general public on a stock exchange. In other words, the rocket, satellite and artificial intelligence company is on its way to enter the US stock exchange in June.
And SpaceX could be the first of three cases of OPI giants: OpenAI and Anthropic – both linked to artificial intelligence – are expected to do the same later this year.
SpaceX consultants estimate that the company could sell $75 billion in shares (64.7 billion euros). This value would be the highest ever. In fact, it would be triple the largest IPO in history: when a Saudi Aramco (oil) sold 25.6 billion dollars in 2019 (that would be 22 billion euros at the current rate).
The New York Stock Exchange debut could be based on a valuation of more than $1.75 billion (1.5 billion euros); SpaceX would soon enter the list of the 10 largest companies in the world by market value.
SpaceX is talking to potential investors; Meetings with the company’s executives should still be held in April.
It highlights that SpaceX will be able to disperse up to 30% of capital on the stock exchange – is triple what is usual in these operations.
