Swedish small savers can subscribe to SpaceX shares

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Swedish small savers can subscribe to SpaceX shares
Photo: Eric Gay/AP/TT

The listing of SpaceX is about to become the largest in history. Now even Swedish small savers will be able to get a share of the pie, as Dagens Industri was the first to report.

The online broker Nordnet has been appointed as distributor in connection with the European prospectus.

First time

"It is the first time that both Swedish and European savers can participate in an American stock market listing, so it is a real milestone," writes Nordnet's communications manager Johan Tidestad in an email to TT.

The shares can be subscribed for until Thursday, the day before the shares start trading. However, it is unclear how many shares Swedes will be able to obtain - SpaceX will decide the allocation.

The company will issue just over 555 million shares at $135 each, raising a total of approximately $75 billion in new capital from these shares.

Thousands of billions

According to the IPO documents, the company is aiming for a valuation of nearly $1,770 billion, equivalent to SEK 16,756 billion.

The company was founded in 2002 and builds rockets for space travel. Customers include the US space agency NASA and the Pentagon.

Corrected: In a previous version there was unclear wording regarding the value of the company.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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