Shares at $135: SpaceX is preparing a major public offering under an unconventional procedure
This is according to Bloomberg.
The aim of this move is to carry out an initial public offering (IPO) worth a total of $75 billion.
The corporation has departed from the traditional listing process and did not announce a price range prior to the start of the investor roadshow.
As part of the offering, the developer of rockets and satellite systems expects to achieve a market valuation of between $1.75 trillion and $1.8 trillion.
The official announcement of the listing terms is scheduled for the coming days, the marketing campaign will begin on 4 June, and the final share price will be set on 11 June.
Trading will take place on the Nasdaq and Nasdaq Texas exchanges under the ticker SPCX. The lead underwriters for the process are a consortium of US banks, including Goldman Sachs, Morgan Stanley and JPMorgan Chase.
As a reminder, it was previously reported that Tesla has regained its leadership in the global electric vehicle market.
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