Image: SpaceX
SpaceX has officially kicked off its initial public offering roadshow, unveiling plans to raise $75 billion in what is positioning itself to be one of the largest market debuts in history. According to details published on the company’s new investor website, SpaceX aims to list on the Nasdaq under the ticker symbol SPCX.
The space exploration and satellite firm plans to issue 555.56 million Class A shares priced at $135 each. In a rare move for a high-profile tech debut, SpaceX is reserving up to 30% of the offering specifically for retail investors, allowing everyday individuals to participate at the same share price as major institutional buyers. Fidelity has already confirmed it will open access to any customer holding a retail brokerage account with a balance of $2,000 or more.
Chief Financial Officer Bret Johnson, who has led the company’s finances for 15 years, anchored the official presentation video. The roadshow highlights the massive scale of the business, pointing to more than 650 successful rocket launches since 2002. The presentation also details the rapid growth of the Starlink satellite internet constellation, which currently has 9,600 satellites in orbit serving 78 million subscribers globally.
While a definitive timeline has not been finalized, trading for the new SPCX shares on the Nasdaq could begin as early as June 12.
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