Axios
US · 6 hrs ago
✓ Factual
SpaceX plans to raise $75B in its IPO
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Quality 45/100
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Low partisan intensity — consistent with factual reporting⚠ Misleading headline
SpaceX has announced plans for a $75 billion initial public offering, which would be the largest IPO on record, significantly exceeding Saudi Aramco's previous record of $29.4 billion.
SpaceX plans to raise $75B in its IPO
SpaceX disclosed Wednesday that it plans to raise $75 billion in its initial public offering, which is expected to occur within a few weeks.
Why it matters: This would be the largest IPO ever, and it's not even close.
The current global record is $29.4 billion by Saudi oil giant Aramco in late 2019, while the U.S. exchange mark was set in 2014 by China's Alibaba with $25 billion.
Zoom in: SpaceX says that it plans to offer 555.6 million shares at $135 per share.
It would be valued at about $1
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