SpaceX confirms it will seek $75 billion in record IPO

[Yo_Mama_Been_Loggin]

Confirming earlier reporting, SpaceX (SPAX.PVT) said in a filing it will seek proceeds of $75 billion from its initial public offering, a record amount for any IPO.

In the filing, the company said it would offer 555,555,555 shares at $135 each, raising $75 billion. That would amount to 4.2% of the entire float, with the remaining 95.8% held by CEO Elon Musk and other insiders. SpaceX authorized the underwriters to sell additional shares if needed, bringing the total raised to $85.7 billion.

At that share price, it would give SpaceX a hypothetical market cap of around $1.785 trillion.

SpaceX plans to use the proceeds for purposes "including the expansion of our AI compute infrastructure, enhancements to our launch infrastructure and launch vehicles, increases in the scale and capacity of our satellite constellations, and any remaining amounts for general corporate purposes."

https://finance.yahoo.com/markets/stocks/article/spacex-confirms-it-will-seek-75-billion-in-record-ipo-213415033.html

Elon wants you to buy some so he can be the world's first trillionaire.

[Blue Owl]

1. Um.....

[pat_k]

2. Please let these "hopes" be dashed, big time.

In these corrupt times, I fear they won't be though.

Keep pumping up that AI bubble with the xAI dog buried under the starlink "cash cow."

Overall SpaceX 2025 operating loss $2.60 billion. Breakdown:

Connectivity (primarily Starlink)
Operating Income $𝟒.𝟒𝟐 billion

Space (Launches and Nasa)
Operating Loss $0.657 billion.

AI (xAI)
Operating Loss 6.36 billion

[Boo1]

3. How is SpaceX going to make money?

Outside of blowing up rockets?

[Diraven]

4. Selling stock

Duh! $75 billion let's them lose $2.5 billion a year for 30 more years. Meanwhile Elon Musk becomes the world's first trillionaire.

[jmowreader]

5. Their primary income source is Starlink