BlockBeats News, April 1st, SpaceX, a space exploration company owned by Musk, has reportedly secretly filed for an IPO.
According to 1M AI News’s previous monitoring, SpaceX is notifying potential IPO investors, with expectations to host investor testing-the-waters meetings led by company executives in April after the Easter holiday, while reportedly submitting the IPO application secretly earlier this month. The IPO fundraising could reach as high as $75 billion, with a valuation possibly reaching $1.75 trillion, surpassing the record of around $29 billion set by Saudi Aramco in 2019, making it the largest IPO in history.
In terms of the distribution structure, Musk is considering allocating up to 30% of the shares to retail investors, which is at least three times the usual 5% to 10% ratio. SpaceX CFO Bret Johnsen has reportedly conveyed this plan to Wall Street. Musk’s strategy relies on a loyal group of individual investors to stabilize the stock price post-listing and reduce short-term selling pressure.
