According to sources, Elon Musk’s AI and space company SpaceX is expected to be valued at more than two trillion dollars in the planned IPO.
This would mean that the valuation would be significantly higher than was speculated in the middle of the week.
The targeted proceeds from the share placement still amount to around 75 billion dollars (65 billion euros), the Bloomberg news agency reported on Thursday evening, citing people familiar with the matter. This means that only a small part of the share capital would be listed on the stock exchange. But it would be by far the largest IPO in history. So far, the Saudi Arabian oil company Aramco holds the record with almost $30 billion.
According to the circles, the issuing banks are entering into upcoming discussions with potential investors with the planned valuation of more than two trillion dollars. The actors involved in the IPO did not want to officially comment on the information, the report continued.
On Wednesday, Bloomberg and the Wall Street Journal reported that SpaceX had filed an application for a share placement with the Securities and Exchange Commission (SEC). The company had not officially commented on this either. The target date for the share placement is June.
SpaceX plays a key role in the American space program with its rockets. The company also operates the Starlink satellite internet service – and Musk recently brought his AI company xAI, including the online platform X, into SpaceX. When the merger took place at the beginning of February, the new company was reportedly valued at just $1.25 trillion.
If a placement with a valuation of more than two trillion dollars were successful, the AI and space company would immediately become one of the most valuable listed companies – while at the same time only having a small free float.
Currently only NVIDIA (4.3 trillion), Apple (3.8), Alphabet (3.6), Microsoft (2.7) and Amazon (2.3) are worth more than two trillion dollars.
/eg/he
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