Image Courtesy:Bloomberg.com
Washington: SpaceX has raised about 75 billion dollars from the IPO. This figure also left behind Saudi Aramco's record of 29.4 billion dollars in 2019. The company issued 55.56 crore shares at 135 dollars per share. If the sale of extra shares is also completed, the size of the IPO could reach 86 billion dollars. This became the world's largest IPO.
According to the IPO price, the market value of SpaceX is estimated at 1.77 trillion dollars. If we add stock options and remaining stake, the total value comes to around 1.8 trillion dollars. Meaning, now SpaceX has joined the list of the world's largest public companies. Entry into the club of Apple, Microsoft.
According to Bloomberg Billionaires Index, Musk's net worth increased by 274 billion dollars after the IPO. His net worth now stands at 971 billion dollars. Now Musk is just a few steps away from becoming the world's first trillionaire. $29 billion more needed.
The demand was 4 times more than the supply. Retail investors placed orders worth over 100 billion dollars, even though only 20% of the shares were reserved for them. Meaning everyone wanted to be a part of SpaceX.
Now the company does not want to be limited to just rocket launches and Starlink satellite internet. The new focus is on 3 things:
AI infrastructure: advanced computing – data centre game
Space-based data centre – cloud above the earth
Robotic facility on the moon – the lunar plant of the future.
Experts are giving 3 reasons:
Musk Factor – His name is a brand
AI Boom – Scope for growth due to entry in AI infrastructure Unlimited
Tech Lead – From rocket reuse to Starship, SpaceX's technology is at the forefront Due to this combo, record demand came in the IPO and the valuation skyrocketed. For Musk, this IPO is not just money, it is a ticket to become a trillionaire. And for SpaceX, now the game is not just about space but about both AI spaces.
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