SpaceX will go public on the Nasdaq on June 12. The company plans to raise $75 billion in what would be the largest initial public offering in history. It is targeting a valuation between $1.75 trillion and $2 trillion.
A historic offering
The $75 billion raise would dwarf every previous IPO. The valuation range, if realized, would make SpaceX one of the most valuable companies in the world. The numbers reflect the enormous expectations surrounding the company.
The listing details
SpaceX chose the Nasdaq for its debut. The exchange is a popular venue for technology and growth companies. The June 12 date places the IPO just weeks away, and the company has not yet announced the number of shares or the expected price range.
What happens next
The company will file a registration statement with regulators in the coming weeks. That document will include financial information and details about the offering. After that, underwriters will assess demand from institutional investors and set the final price.
Investors will then have the chance to buy shares on June 12. If the IPO meets its targets, it will be a landmark moment for the capital markets and for SpaceX.
