AI Insight
SpaceX is reportedly planning to sell shares at $135 each during an initial public offering (IPO), which would result in a company valuation of approximately $1.77 trillion. This valuation would make SpaceX the seventh-most valuable American company. The article discusses the company's anticipated share price and resulting market capitalization.
Why it matters
If realized, this valuation would represent a significant milestone for a private space company and could influence investment trends in the commercial space sector. The IPO would also provide public market access to SpaceX equity, which has previously been limited to private investors.
SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.
Source: $1.77 trillion! SpaceX is about to become the 7th-most valuable American company