SpaceX is scheduled to go public on Thursday at a valuation of 1.77 trillion dollars. New investors are expected to receive just 4.2 percent ownership after the offering.
The company, operating under the ticker SPCX, plans to list shares with a structure that gives existing shareholders significant advantages. Elon Musk is set to retain 85.1 percent of voting power through dual-class shares. The offering includes an early release program and limited float, which analysts say may create short-term momentum. However, the terms heavily favor pre-IPO holders. SpaceX is described as going public on Thursday in a move that has drawn attention from investors focused on aerospace and technology sectors.
