SpaceX · Elon Musk · Saudi Arabia · CBS News Technology
How to buy SpaceX shares as its blockbuster IPO readies for liftoff
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SpaceX is set this week to launch as a publicly traded company, giving ordinary investors a chance to participate in what is expected to be the biggest initial public offering of all time.
Key facts
- The company expects to raise $75 billion in the offering, nearly three times the amount raised when Saudi Aramco, Saudi Arabia's state-owned national oil company, went public in 2019, in what remains
- If you ask for 100 shares, maybe you'll get 100," said Jay Ritter, a professor and Director of The IPO Initiative at the University of Florida
- SpaceX is offering shares to retail investors through Charles Schwab, E*TRADE by Morgan Stanley, Fidelity Investments, Robinhood and SoFi
- SpaceX said in a recent regulatory filing that it expects to price its shares at $135 each
Summary
While SpaceX will be held primarily by CEO Elon Musk, company employees and private investors, the Texas-based company will set aside a sizable chunk of stock to retail investors, which experts say is unusual. SpaceX shares are scheduled to price on Thursday and begin trading the following day on the Nasdaq Composite Index under the ticker symbol "SPCX," according to SpaceX's IPO website. SpaceX said in a recent regulatory filing that it expects to price its shares at $135 each. The company expects to raise $75 billion in the offering, nearly three times the amount raised when Saudi Aramco, Saudi Arabia's state-owned national oil company, went public in 2019, in what remains the largest-ever IPO.