STARBASE, Texas — SPACEX, Inc. ("SPACEX") today announced the closing of its initial public offering of an aggregate 642,000,000 shares of its Class A common stock, including the underwriters' full exercise of their option to purchase additional shares. Net proceeds will fund heavy-lift production scaling and expansion of the Starlink satellite network.
STARBASE, Texas — SPACEX today confirmed the pricing of its initial public offering of 560,000,000 shares of Class A common stock at a public offering price of $128.00 per share. The shares are expected to begin trading under a new listing on a major U.S. exchange, subject to customary closing conditions.
STARBASE, Texas — SPACEX today announced that it has begun the roadshow for the initial public offering of 560,000,000 shares of its Class A common stock. The company also intends to grant the underwriters a 30-day option to purchase additional shares to cover over-allotments, if any.
The flight carried 48 Starlink broadband satellites to low Earth orbit. The first stage returned to the Pacific recovery platform, extending the company's consecutive-landing streak ahead of its public listing.
Quarterly revenue rose on higher launch volume and continued Starlink subscriber growth. Management reaffirmed full-year guidance of 92 orbital launches and provided an update on heavy-lift vehicle qualification.
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