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SpaceX’s paperwork for its initial public offering could be made public as soon as Wednesday, offering a rare glimpse into the finances of the Elon Musk-led enterprise before its planned record-setting debut.
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The world’s largest private company, , known formally as Space Exploration Technologies Corp. and led by the world’s richest person, is targeting as much as US$75 billion in its listing at a valuation of more than US$2 trillion, Bloomberg News has reported.
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Here’s what to look for when it lands.
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- The company is expected to pick Nasdaq as its listing venue, which would set it up for potential inclusion in the Nasdaq 100.
- The IPO filing could include key financial details such as revenue and net income across its launch, Starlink and artificial intelligence businesses, as well as capital spending on key programs such as its colossal Starship rocket.
- SpaceX’s filing is set to reveal the hierarchy of the banks running the deal. Goldman Sachs Group Inc. and Morgan Stanley are the lead firms, with Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. also working on the transaction, people familiar with the matter have said. Royal Bank of Canada is managing share orders from Canada, Bloomberg has reported.
- SpaceX will list its largest shareholders, including Musk himself and Alphabet Inc.’s Google; its investors also include Valor Equity Partners, Sequoia Capital and Andreessen Horowitz.
- About how voting control of the company will be set up, SpaceX is considering a dual-class share structure, people with knowledge of with the plans have said, which could allow Musk to maintain control of the company even with a minority stake.
- The filing likely won’t include information on the price range per share, number of shares offered, shares outstanding or precise shareholdings. Those usually come at the start of formal marketing, which could be as early as June 4, ahead of pricing as soon as June 11, Bloomberg News reported.
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