00:00It's Benzinga bringing Wall Street to Main Street.
00:02SpaceX priced its IPO at $135 per share and plans to sell 555.6 million shares,
00:08according to CNBC. The pricing could raise $75 billion in what would be the largest IPO in
00:13history, more than triple the size of Alibaba's offering. At that price, the company is valued
00:16at $1.77 trillion, placing its seventh among U.S. companies by market cap and above Tesla
00:20at roughly $1.6 trillion. Underwriters hold an option to buy an additional 83.33 million shares
00:25worth $11.2 billion. Elon Musk will retain over 82% voting control after the offering.
00:30SpaceX is set to debut on the NASDAQ on June 12th. The filing also revealed that its XAI unit
00:34purchased $269 million worth of Tesla Megapacks in April. Tesla holds 18.99 million SpaceX shares
00:39valued at $2.56 billion at the IPO price. For all things money, visit Benzinga.com.
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