Space X warms up its engines for the Wall Street landing. Elon Musk’s space company, as anticipated by Bloomberg, has submitted “in confidence” to the American SEC, the equivalent of our Consob, the registration draft and the documents relating to the IPO (initial public offering), which presumably should end in June this year with the debut on the New York Stock Exchange.
The first of the mega-IPOs in the technology sector
Space Landing on Wall Street would make Space
Record valuation of 1,750 billion
Musk’s company is aiming for a valuation of the entire company complex above $1,750 billion. A capitalization also includes xAI, the artificial intelligence startup acquired last February and incorporated into the company complex, which alone is worth 1,250 billion dollars. With these valuations, the placement of Space
The IPO aimed at the retail public
The IPO of Space In this sense, the placement was designed to appeal to small savers and the many fans of Elon Musk, also through dedicated placement channels (the individual investment banks participating in the placement will be given specific customer or geographical targets). The company has already involved several investment banks, such as Bank of America, Citigroup, Goldman Sachs Group, JP Morgan Chase & Co. and Morgan Stanley. SpaceX is also reportedly considering a dual-class share structure that would give insiders greater voting power.
