SpaceX, Elon Musk and Go Public
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The Palo Alto, California-based company sold 21.5 million shares and the backers sold 13.1 million shares at $14 apiece, according to a statement Thursday. The stock was marketed for $12 to $14 each, according an earlier filing. The IPO was multiple times oversubscribed.
The Eternal, formerly Zomato, backed e-commerce platform Shiprocket has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) with market regulator Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
Word of the IPO was pushing up shares in other space companies. Cedar Park-based Firefly Aerospace Inc. was up about 11.5% by late afternoon Wednesday.
Shiprocket had filed its draft IPO papers with Sebi through the confidential filing route in May and subsequently received approval in November to launch the public issue, following which it was required to submit updated documents.
SpaceX, the Elon Musk-owned aerospace company, is planning to go public next year with a potential $1.5 trillion IPO, which would set a new record for a new public offering and have a huge impact
SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time.
The company expects to generate about $15 billion in revenue this year, with most of it coming from its Starlink satellite internet service.
According to Investorgain, Corona Remedies' unlisted shares are trading at a grey market premium (GMP) of Rs 290. Considering the upper price band of Rs 1,062, the company's shares are expected to list at around Rs 1,352, reflecting a grey market premium of 27.31 per cent.
The government has a set deadline of March 31, 2026, for the listing of Kenya Pipeline Company (KPC) shares on the NSE.
Finance chief at Elon Musk’s space company says possible listing could raise funds for Mars rocket, orbital data centers and more.