SpaceX's IPO process has attracted attention with demand exceeding $70 billion from individual investors. The company is reportedly on the verge of one of the largest IPOs in global capital market history.
It is stated that the company aims to raise about $75 billion in capital, which could push its market valuation to around $1.8 trillion. If realized, this figure would surpass the record set by Saudi Arabia's oil company Aramco with its $29.4 billion IPO in 2019.
Strong Interest from Individual Investors
The report indicates that the portion expected to be allocated to individual investors could be at least 20%. However, due to the high demand, a significant number of applicants may not receive the full amount they requested.
The company has also reportedly received demand from about a thousand institutional investors. No changes are expected in the IPO price or the number of shares to be issued, with a planned price of $135 per share and 555.6 million shares to be offered.
International Allocation and Nasdaq Preparation
SpaceX is moving forward with allocating less than 10% of its shares to international investors, with Japan's share increased from the previous $2 billion level to $2.5 billion. The company is expected to be listed on Nasdaq under the ticker "SPCX" once trading begins.
The IPO coincides with a period when major technology companies in the artificial intelligence sector are also turning to capital markets. It is noted that OpenAI filed a confidential application this week, and Anthropic has taken a similar step.
According to Bloomberg estimates, SpaceX, OpenAI, and Anthropic together could add approximately $3.6 trillion in market value to U.S. stock exchanges. This raises the possibility of a wave of IPOs of a scale not seen in the technology sector for a long time.
The transaction is being managed by a broad consortium of investment banks including Goldman Sachs, Morgan Stanley, Bank of America, Citi, and JPMorgan. The consortium reportedly includes 18 additional financial institutions.
