SpaceX is set to price 555.6 million Class A shares at $135 (£101) each on 11 June, with trading on Nasdaq under the ticker SPCX expected to begin the following day. At a valuation near $1.77 trillion (£1.33 trillion), the deal would raise $75 billion (£56.3 billion) and shatter Saudi Aramco's 2019 record of $25.6 billion (£19.2 billion) as the largest IPO in history, according to the company's updated SEC prospectus.
While the attention has focused on SpaceX's staggering valuation and what it means for Elon Musk's net worth, the listing is also about to transform the finances of thousands of ordinary workers. Welders, mariners, baristas, and technicians who received stock as part of their pay are all in line for life-changing returns.
