What's in store for SpaceX when it debuts on the stock market - and how it could make Elon Musk the first trillionaire

SpaceX builds and operates the rockets and launch infrastructure that support its subsidiary Starlink
Getty Images
SpaceX, Elon Musk's aerospace company, released a suggested price per share ahead of its initial public offering (IPO). If it goes for the estimated price, it would be the biggest IPO in history.
In a document detailing plans for the operation, SpaceX reported that each share should go for US$135 (around R$686), raising the company's market value to around US$1.75 trillion, or approximately R$8.9 trillion.
Announcing an estimated price so far in advance is unusual, and the value represents a significant increase in relation to the company's previous market valuation. company, worth US$1.25 trillion (R$6.4 trillion), made earlier this year.
China and SpaceX accelerate space race
The disclosure does not mean that the shares will be sold at the proposed price, as this will be decided by the buyers. The value can rise or fall.
SpaceX manufactures rockets, offers a satellite internet service called Starlink and also owns the artificial intelligence company xAI.
In general, companies only disclose their share prices the day before they begin trading on the stock exchange.
SpaceX is expected to begin trading on the Nasdaq exchange on June 12, which makes its price estimate one of the most anticipated, if not the most anticipated, in the history of the stock market.
The company intends to raise US$75 billion (R$381 billion), which would be a record for an IPO. The current record belongs to the Saudi oil giant Saudi Aramco, which raised US$25.6 billion in 2019.
If the company's shares are sold for the estimated price of US$135 or above, SpaceX will immediately become one of the most valuable companies in the world.
With this, Elon Musk, who controls more than 80% of SpaceX through his own shares in the company, could become a trillionaire.
But this The result is not guaranteed.
According to data from Dealogic, a capital markets research company, almost half of the companies that went public in the last 30 years have fallen in value compared to their debut.
"There is no doubt that the valuation is incredibly high," said Samuel Kerr, director of capital markets research at Mergermarket.
Elon Musk is set to become the richest person in the world with SpaceX's stock market debut
REUTERS
He noted that the relationship between SpaceX's price and its sales is greater than that of any other major company in the group that investors call the "Mag 7" - Alphabet, Amazon, Apple, Meta, Nvidia, Microsoft and Tesla, another Musk company. revenue of US$ 18.6 billion, but recorded a net loss of US$ 4.9 billion.
In the first three months of this year, sales totaled US$ 4.7 billion, but the company had a net loss of US$ 4.3 billion.
According to the company's balance sheet, SpaceX has US$102 billion in assets, such as rockets and other equipment, but also US$60.5 billion in debt.
In addition to space exploration, the company invests heavily in artificial intelligence (AI), social networks, satellite internet services and data centers.
Earlier this year, SpaceX purchased xAI, another Musk company known for its Grok chatbot.
xAI began as part of X, former Twitter, and used access to the platform's real-time texts and information to train its artificial intelligence.
For years, Musk has argued that developing infrastructure in space is the best way to guarantee the resources needed to support the functioning of AI, as there is a scarcity of available land on the planet.
He has already presented plans to launch AI satellites and, in the future, build data centers in orbit.
"SpaceX was once a simple company.

It was a launch company, then it was also a satellite internet provider, and now it's a social media company and an AI lab," Laurence Pevsner, a partner at venture capital firm Lux Capital, told the BBC.
"The AI lab is what's really driving up the valuation, and I think that's a risky bet for shareholders," he added. AI.
Earlier this week, AI company Anthropic revealed its plans for a public offering later this year, while Alphabet, which owns Google, announced that it intends to raise US$80 billion to invest in AI.
OpenAI is also considering going public later this year, according to press reports.

Source: G1

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