SpaceX plans to offer about 555.6 million shares at USD135 per share, raising USD75 billion, a filing with the US Securities and Exchange Commission showed.

Underwriters have the option to purchase an additional 83.33 million shares at the IPO price, with a total value of USD11.2 billion.

Pricing at USD135 per share implies a company valuation of USD1.77 trillion, making it the seventh-largest company by market cap in the US and toppling Tesla, Inc. (TSLA.US), which has a market value of USD1.6 trillion.

After the IPO, SpaceX founder Elon Musk will hold more than 82% of the voting rights, as revealed by the filing. The company plans to officially list on June 12.
~

AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
TSLA (C)	11134	490 (-)	0.495	5.3 X
TSLA (P)	11135	330 (-)	0.425	3.2 X