SpaceX sets $75 billion price for Nasdaq IPO, Musk moves forward with rare listing
SpaceX will price its IPO at $135 per share, aiming to raise $75 billion and value the company near $1.75 trillion, sources told Reuters. The company plans to list on Nasdaq as soon as June 12 under the ticker SPCX, selling 555.6 million new shares. Starlink generated over two-thirds of revenue and $1.2 billion in profit last quarter, while other units posted losses. Elon Musk holds 85% of voting power.