SpaceX to List on Nasdaq with USD 1.77 Trillion Valuation

San Francisco (ANTARA) - Space Exploration Technologies Corp., known as SpaceX, has set its initial public offering (IPO) price at $135 per share (1 USD = IDR 17,981) and has successfully raised $75 billion through the sale of approximately 555.56 million shares, according to US media reports on Thursday (11/6).

According to several reports, the IPO gives SpaceX a valuation of approximately $1.77 trillion. SpaceX shares are expected to begin trading on the Nasdaq exchange on Friday (12/6). In terms of the amount of funds raised, this IPO is set to break records for an initial public offering. Based on its valuation, SpaceX will enter the ranks of the ten most valuable companies listed in the US.

Founded by American entrepreneur Elon Musk in 2002, SpaceX operates in the fields of spacecraft launch services, satellite internet, and artificial intelligence (AI). The company’s IPO has attracted strong market attention, while its high valuation has also sparked discussions among market observers regarding its profitability prospects and future growth sustainability.

Reports indicate that the arrangement for SpaceX’s listing deviates from several Wall Street conventions, including setting the IPO price upfront and reserving a relatively high proportion of shares for retail investors. Musk will maintain strong voting control over the company following the IPO.

Given Elon Musk’s significant ownership in SpaceX, this valuation could significantly increase his net worth, potentially making him the world’s first trillionaire.