Elon Musk’s SpaceX is preparing for IPO.
SpaceX IPO: The world’s richest man, Elon Musk, is now making preparations for his rocket and satellite company, SpaceX, which can set new records in the global market. According to Bloomberg News report, SpaceX is planning a huge ‘tender offer’. If this deal reaches its conclusion, then the valuation of the company can reach $800 billion i.e. about ₹71,96,680 crore in Indian rupees.
OpenAI’s record will be broken
According to the report, SpaceX is preparing to sell insider shares (shares of company insiders). With this transaction, the valuation of the company will go far beyond that of artificial intelligence giant OpenAI. It is noteworthy that the maker of ChatGPT OpenAI raised $500 billion in October Had made a record of Rs., but Musk’s company is now trying to touch the figure of $800 billion.
Market experts say that the price of shares could be $400 per share or even more. However, some insider sales may settle around $300 per share. Even if this deal is done at $300, the value of the company will be $560 billion, which is a huge figure in itself. This deal is currently in the negotiation phase.
When will SpaceX’s IPO come?
According to the report, this tender offer can pave the way for the Initial Public Offering (IPO) to come in early 2026. That is, by the end of next year or early 2026 spacex Can officially enter the stock market.
The company’s board of directors discussed these details at the Starbase Hub in Texas on Thursday. However, it is not yet decided at what price the final deal will happen, as it will depend on the interest of buyers and sellers. But one thing is clear that the company is moving rapidly towards going public (Public Listing).
EchoStar shares jumped 18%
The impact of this big news is not limited to Musk’s company only, but has started being visible on other companies related to it as well. Amidst the news of increase in valuation of SpaceX, the shares of satellite TV and wireless company, EchoStar Corp, saw a huge jump and they climbed up to 18%.
The reason behind this is the recent agreement between the two companies. Only last month, EchoStar had agreed to sell spectrum license to SpaceX for $2.6 billion. This deal will help Musk’s company to further strengthen its wireless services.
Also read- Elon Musk’s big claim: In the era of AI, there will be no need for money, job will be just a hobby.