00:00Well, Bloomberg has learned that SpaceX is planning to set the terms of its IPO as early as Wednesday afternoon
00:05in the U.S.
00:06Reuters also reporting that SpaceX aims to price shares at $135 each as it seeks to raise a record-breaking
00:13$75 billion.
00:16Let's bring in Bloomberg's Asia aviation and transport reporter Danny Lee now.
00:20So, Danny, what more do we know about the IPO and the process? Real excitement around this.
00:26Yeah, good morning, Lizzie. So, we now know that the SpaceX listing is looking to sell around 556 million shares.
00:36And with that $135 a share apiece in terms of the sale, that will take it up to that $75
00:44billion that SpaceX is looking to raise as well.
00:47And what we now get is that Wednesday afternoon timeline in the U.S. for the marketing of this, the
00:54terms of the IPO.
00:55And then we'll get to the marketing for a week or so that the banks will undertake to gauge demand
01:00of this stock.
01:02And then we will quickly, soon after, get the final pricing.
01:05And then we'll go into potentially publicly trading the company.
01:09So, a lot happening in a short amount of time.
01:11And you can see the pace is quickening as we see a real anticipation and excitement into this AI trade,
01:17frankly.
01:18And the fact that there is a lot of anticipation, not just from the institutional investors, but also the retail
01:24investors who are looking to really cash in and clamor for this stock.
01:28And also for the banks who are involved looking for that payday.
01:31And equally for staff, past and present, who are going to be getting a windfall from all of this.
01:36So, yeah, lots of stuff happening in the next days and week or so.
01:40And we'll see how this stock does trade because, yeah, there's a lot of companies in the pipeline as well.
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