SpaceX presented its IPO proposal to retail investors on Thursday morning in a video in which CFO, Bret Johnsonexplains the relationship between the business of rockets, satellites and artificial intelligence of the company.
The 9-minute presentation is part of the efforts of the company led by Elon Musk to attract retail investors from around the world. These buyers are a key part of SpaceX’s IPO strategy, with up to 30% of the $75 billion offering allocated to the group, it previously reported. BloombergNews.
Only Johnson appears in the video, who introduces himself as the only financial director the company has ever had. The material is hosted on the website spacexipo.com, which includes a prominent invitation for visitors to create a brokerage account.
“Elon founded SpaceX with the aim of changing humanity and becoming a multiplanetary species,” he said. Johnson. “What has been very exciting is that we have been able to expand that vision with our Starlink constellation, as well as our AI solutions.”
The investor presentation details a series of future goals by an unspecified date, including raising gross margin to about 70%, from 49% last year, and generating a net profit margin of about 45%, up from -26% last year.
The company exposed its ambitious aircraft in the video, including installing data centers in space, in addition to highlighting its reusable rocket businesses and the Starlink satellite system, which provides broadband internet access on Earth.
“We achieved what others consider truly impossible,” he said, highlighting milestones such as becoming the first private company to send a liquid-fueled rocket to orbit, the first in successfully docking a spacecraft to the International Space Station and in developing a fleet of reusable rockets.
The investor presentation of SpaceX It is also full of references to his space activities. For example, the explanation of your “replicable business model” starts at seven and counts down to “takeoff.”
Other slides highlight the business philosophy of elon Musk. For example, under “the algorithm,” the first step is “make the requirements less stupid,” followed by “eliminate the part or step from the process.”
Johnson also addressed the huge capital expenditure of SpaceXexpanded by the acquisition of xAI in February.
“We are not alone in investing significantly in capital spending, especially on the AI side of the business,” Johnsen said. “That’s been the bulk of the capital spending rollout over the last two years.”
Johnsen presented a slide, also reflected in the company’s documentation, detailing future space applications that SpaceX could develop. These include point-to-point transportation, a concept that would involve using Starship to deliver cargo and even people to distant destinations on the planet in record time.
Johnsen also highlighted asteroid mining, an unproven business model that SpaceX had not shown much interest in before the IPO.
The company, formally known as Space Exploration Technologies Corp., sells 555.6 million shares at $135 each, giving it a market valuation of nearly $1.77 trillion, according to a regulatory filing Wednesday. It is expected to price the offering on June 11 and trade under the symbol Spcx.
