Key facts
- SpaceX plans to set IPO terms as early as Wednesday afternoon.
- The company aims to sell 555.6 million shares.
- The target price is $135 per share.
- The listing is expected to be a record-breaking $75 billion.
- The valuation would make SpaceX the seventh-biggest U.S. company, above Tesla.
SpaceX is planning to set the terms of its initial public offering as early as Wednesday afternoon. The company aims to sell 555.6 million shares at $135 apiece, which would result in a record-breaking $75 billion listing. The valuation would make Elon Musk's company the seventh-biggest in the U.S., above Tesla, which has a market cap of about $1.6 trillion. Elon Musk is setting a fixed price ahead of the marketing phase of the deal, adding to the unconventional aspects of what is set to be the biggest ever listing. Deliberations are ongoing and details could change before terms are disclosed. George Ferguson, Senior Aerospace Analyst for Bloomberg Intelligence, provided reaction.