SpaceX files for 555.56M share IPO at $135/sh
Elon Musk's space exploration company SpaceX on Wednesday disclosed plans to sell 555,555,555 share in its IPO, seeking to price shares $135 per share.
The company intends to list on Nasdaq under the ticker "SPCX."
Assuming an offering size as set forth above and an initial public offering price of $135.00 per share, Elon Musk, our founder, Chief Executive Officer, Chief Technical Officer and Chairman of our board, will hold approximately 82.4% of the voting power of our common stock (or approximately 82.3% if the underwriters exercise their option to purchase additional shares of Class A common tock in full) immediately after the completion of this offering through his ownership of shares of our Class A and Class B common stock, of which approximately 81.1% is attributable to his ownership of our Class B common stock. As a result, Mr. Musk will be able to control the outcome of matters requiring shareholder approval.