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Elon Musk’s SpaceX is coming to Wall Street. And they’re aiming to pull off the single largest IPO in history.

What’s happening:

  • SpaceX has officially priced their IPO financing round at $135.00 USD per share

By the numbers:‍

  • SpaceX’s IPO financing round gives the company a valuation of roughly $1.75T USD

Why it matters:‍

  • SpaceX’s planned IPO financing round of $75B USD would be the single largest IPO in American history

Going deeper:‍

  • Elon Musk will own roughly 40% of SpaceX following the $75B USD capital raise and will also have more than 80% of the voting control in the company due to his ownership of Class B shares with significantly more voting rights than Class A shares
  • The IPO financing round for SpaceX is being led by Goldman Sachs and Morgan Stanley

The intrigue:‍

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