The company aims to trade shares on the Nasdaq exchange under the ticker ‘SPCX’, in what could be the largest transaction of its kind in Wall Street history
The spectacular presentation of SpaceX’s IPO proposal included some out-of-this-world details, including a clause that the Founder Elon Musk’s huge financial bonus will only be paid if a million humans settle on Mars.
The bonus structure, laid out in SpaceX’s prospectus presented to American regulators on Wednesday (20), looks more like the plot of a science fiction novel than a remuneration agreement.
Musk’s bonus depends on the market value of SpaceX achieve goals ranging from 400 billion dollars (R$2 trillion) to 6 trillion dollars (R$30.2 trillion), and for the company to take one million people to a planet located 225 million kilometers away.
Musk describes this ambition as essential to the long-term survival of the human species. With the target valuation of 1.75 trillion dollars (R$8.8 trillion) reported for the company, Musk’s current stake would have an estimated value of 735 billion dollars (R$3.7 trillion), before a single person sets foot on the Red Planet.
A second, smaller bonus binds 60 million additional shares to another gigantic goal: building orbiting data centers capable of providing 100 terawatts of computing capacity per year, a figure far superior to anything on Earth today.
SpaceX submitted its long-awaited IPO filing on Wednesday, with the aim of trading shares on the Nasdaq exchange under the ticker symbol “SPCX”, in what could be the largest transaction of its kind in Wall Street history.
The company’s Starship rocket — the latest version of which could launch as soon as Thursday — was designed with the colonization of Mars in mind.
