SpaceX Sets IPO Price at $135 Per Share

Aerospace company SpaceX has finalized its IPO offering price at $135 per share on the 11th (local time), Reuters reported. This confirms the preliminary offering price that SpaceX had unusually announced in advance, and the company is expected to raise a total of $75 billion (approximately 113.8 trillion won) through the sale of 555.56 million shares.

With this IPO, SpaceX's market valuation based on the offering price is projected to reach $1.77 trillion, placing it among the top 10 largest listed companies globally. SpaceX is expected to become a catalyst for investment and technological advancement in the aerospace industry through its IPO, which is anticipated to be the largest in history, surpassing Saudi Aramco's $29.4 billion offering record set in 2019.

Founder Elon Musk, the largest shareholder, plans to maintain his management control by retaining 84% of the voting rights through instruments such as dual-class shares. SpaceX is scheduled to be listed on the Nasdaq on the 12th.