SpaceX Seeks to Raise $75 Billion in IPO Plan

Summary

Ed Ludlow reports on SpaceX's plan to raise $75 billion in an IPO at $135 per share, making it the largest IPO in history. The discussion covers the fixed pricing strategy, the company's business segments including Starlink and enterprise AI, and investor sentiment regarding Elon Musk's other ventures and the IPO's potential upsizing.

• SpaceX is seeking $75 billion in an IPO at $135 per share, offering 555.6 million shares.
• The IPO would be the largest in history on a dollar-raised basis.
• Fixed pricing at $135 is an early move, with potential for the price to go higher during the roadshow.
• The S-1 lists a total addressable market of $28.5 trillion across launch, Starlink, enterprise AI, and computing services.
• Starlink is seen as the main attraction for many investors, but it is currently a money loser.
• Some investors are disappointed about Starlink being bundled with SpaceX and concerns about Elon Musk's other ventures.
• SpaceX's business model includes building efficient data centers and selling compute to third parties as a bridge to orbital data centers and Mars.
• The pricing is set for June 11, and the roadshow is still ongoing with events hosted by JPMorgan.