India, June 4 -- Elon Musk's Space Exploration Technologies Corp. or SpaceX announced its plan to offer around 555.56 million shares of its Class A common stock at its initial public offering or IPO with a price of $135.00 per share. The company plans to raise around $75 billion in the IPO.
The underwriters may also exercise an option to purchase up to an additional 83.33 million shares of Class A common stock.
In a filing with the U.S. Securities and Exchange Commission, the company noted that Musk, its founder, Chief Executive Officer, Chief Technical Officer and Chairman of the board, will hold around 82.4% of the voting power of its common stock.
It would be around 82.3% if the underwriters exercise their option to purchase additiona...