Elon Musk’s company promises to carry out the biggest IPO in history, aiming to raise US$75 billion in investments
If, on the one hand, many investors eagerly await the possibility of becoming part of the company’s shareholding structure, on the other hand, company employees await the possibility of selling their shares.
SpaceX share sales should be accompanied by gigantic profits
When SpaceX makes its debut on the Stock Exchange, thousands of current and former company employees will be able to trade their shares. It is not only engineers, but also other workers who work on the company’s campuses in California, Texas and Florida.
This happens because Elon Musk’s company has rewarded these employees over time with the distribution of company shares. Some of these workers held stakes that were valued at less than $2 per share when they were granted. Now, with the IPO, the expectation is that each SpaceX share will be traded for US$135.
Importantly, employees generally cannot sell their pre-IPO shares for a few months, due to lock-up periods designed to prevent a flood of sudden sales. But SpaceX has rules that could allow small sales as early as July.
Even waiting a few months, it is difficult to imagine that an eventual sale of the company’s shares by these former employees would not be accompanied by important profits. The information is from The Wall Street Journal.
IPO takes place in the next few days
- SpaceX’s IPO is scheduled for June 12th.
- The goal is to raise US$75 billion (approximately R$376 billion) in investments.
- Elon Musk is targeting a market valuation of US$1.75 trillion (around R$9 trillion).
- This represents 67 times the company’s sales value.
- If the goal is achieved, SpaceX will become one of the most valuable companies in the world.
Source: www.olhardigital.com.br
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