SpaceX filing kicks off largest IPO process in history - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号):
请您阅读我们的用户注册协议隐私权保护政策,点击下方按钮即视为您接受。
商业快报

SpaceX filing kicks off largest IPO process in history

Confidential submission to US regulator sets up summer listing
00:00

{"text":[[{"start":12.49,"text":"Elon Musk’s rocket company SpaceX has confidentially filed to go public, firing the starting gun on what is expected to be the biggest initial public offering in history."}],[{"start":24.689999999999998,"text":"The Texas-headquartered company had this week filed paperwork with the Securities and Exchange Commission for the listing, said two people familiar with the matter. "}],[{"start":35.43,"text":"Confidential filings allow companies to advance their listing plans without publicly revealing their financials. SpaceX last month acquired Musk’s lossmaking AI start-up xAI for $250bn."}],[{"start":50.66,"text":"SpaceX was seeking to raise about $75bn and was targeting a valuation of roughly $1.75tn, said people familiar with the matter. In the US, only Nvidia, Apple, Alphabet, Microsoft and Amazon have higher market capitalisations. The rocket company was valued at roughly $90bn as recently as 2022."}],[{"start":77.41,"text":"SpaceX did not immediately respond to a request for comment."}],[{"start":82.84,"text":"The IPO, which would dwarf the $29bn raised by oil major Saudi Aramco in 2019, is expected some time in June, potentially coinciding — at Musk’s behest — with a rare planetary alignment and the billionaire’s 55th birthday."}],[{"start":101.07000000000001,"text":"KeyBanc analysts estimate SpaceX made about $21bn in total revenue in 2025 across its various divisions. At a potential market valuation of $1.75tn, the company’s price-to-sales ratio would be about 67 times. Nvidia’s trailing price-to-sales ratio, by comparison, is roughly 30 times."}],[{"start":125.36000000000001,"text":"This week’s confidential filing comes days after the Nasdaq stock exchange enacted sweeping changes to its index inclusion methodology that would direct billions of dollars in passive investments towards large newly public companies. "}],[{"start":140.69000000000003,"text":"The exchange has removed one of the conditions for companies to join its Nasdaq 100 index which includes some of the biggest US tech stocks. This condition had required at least 10 per cent of a group’s shares to be on offer to the public."}],[{"start":156.39000000000001,"text":"SpaceX plans to float less than 5 per cent of its equity. Exchange traded funds that track the index manage about $520bn. "}],[{"start":166.47000000000003,"text":"Nasdaq also said large companies will be eligible to join the Nasdaq 100 after 15 days of trading, down from the current waiting period of three months. Critics argue that fast-tracking newly public companies on to widely followed indices could distort post-IPO price discovery."}],[{"start":187.16000000000003,"text":"SpaceX was toying with the idea of allowing some existing shareholders to sell down their stakes in the company on its first day of trading, according to people close to the deal. "}],[{"start":198.44000000000003,"text":"This would do away with guidelines that typically prevent insiders cashing out of their positions for 180 days after a company’s market debut."}],[{"start":218.42000000000004,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1775180776_3656.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

四名俄罗斯银行家如何从欧盟制裁中牟利

俄罗斯因乌克兰战争遭到西方反制而陷入震荡之际,俄罗斯天然气工业银行卢森堡分行的俄罗斯高管却从中获利。

Lex专栏:贸易阻滞让集装箱航运业获喘息之机

海上运输受阻以及陆路运输瓶颈,正将运价推高至远超行业盈亏平衡线的水平。

温水煮青蛙式的美国债务危机

不断上升的赤字和偿债成本似乎已不再具有让财政恢复审慎的力量。

巴西昔日石棉小镇期待稀土带来新活力

位于巴西腹地深处的小镇米纳苏,成为美国在稀土领域摆脱中国主导地位计划的关键部分。

Z世代用TikTok拯救父母的时装店

Z世代用TikTok等社交媒体为父母经营的时装店吸引年轻顾客,帮助其走出困境。

加拿大企业担心特朗普关税引发“下行压力漩涡”

美加贸易战再起,与美国有业务往来的加拿大企业承受痛苦,面临不确定性。
设置字号×
最小
较小
默认
较大
最大
分享×