economy
SpaceX sets aside up to 5% of shares in IPO for certain employees and friends
In an updated IPO prospectus, SpaceX said that up to 5% of stock being offered by the company in the offering will be available in a direct share program.
TL;DR
- SpaceX will reserve up to 5% of its IPO stock for a direct share program.
- Participants in the direct share program will be selected at the discretion of executive officers and their shares will not be subject to lock-up restrictions.
- The IPO is expected to raise up to $75 billion, with SpaceX valued at $1.25 trillion.
- SpaceX has a deal to lease compute capacity to Anthropic, equivalent to approximately 325,000 NVIDIA GPUs.
- The agreement with Anthropic could terminate after six months with 90 days' notice.
- Anthropic will pay SpaceX $1.25 billion per month through May 2029 for compute capacity.
- SpaceX's roadshow may start this week, with a potential Nasdaq debut on June 12.
- Anthropic has also confidentially filed its own IPO prospectus.