"SpaceX Sets IPO Price at $135, Targets Enterprise Value of 2,686 Trillion Won"

[Financial News]  
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Elon Musk's SpaceX is reportedly setting its IPO price at $135 per share ahead of its initial public offering.
CNBC reported on the 3rd, citing sources, that SpaceX is taking the unusual step of fixing the price at a specific level rather than following the usual practice of presenting a price range.
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According to sources, SpaceX plans to offer 555.6 million shares at $135 each. That would put the size of the offering at about $75 billion.
At an IPO price of $135, SpaceX's enterprise value would reach $1.75 trillion, or about 2,686 trillion won.
If that happens, SpaceX would become the seventh-largest company in the United States by market capitalization upon listing. It is expected to surpass Tesla, which currently has a market cap of about $1.6 trillion.
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SpaceX plans to list on the NASDAQ Stock Exchange on the 12th.
SpaceX's IPO, with the ticker symbol SPCX, is expected to be the largest ever. It is set to break the record previously set by Alibaba Group.
However, SpaceX's IPO may fall short of expectations because of the artificial intelligence startups Anthropic and OpenAI, both of which are expected to go public later this year.
Anthropic filed its IPO paperwork confidentially with the United States Securities and Exchange Commission (SEC) on the 1st. OpenAI, which had initially been expected to begin the IPO process before Anthropic, has not yet filed, but is expected to start the process within weeks.
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SpaceX, which filed its IPO application with the SEC on the 21st of last month, said on the 1st that it plans to allocate 5% of the offering to certain employees and insiders.
As the IPO approaches, social media and the market are abuzz with speculation that SpaceX and Tesla could merge to create Musk's vast ecosystem linking Earth and space.
If the two companies merge, it could pave the way for a global Tesla autonomous driving network powered by SpaceX's Starlink satellite internet.
Tesla's Optimus humanoid robot could also move into space, and plans for a Space AI data center could gain momentum.
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dympna@fnnews.com Song Kyung-jae Reporter