# SpaceXRoadshowHighlightsAsteroidMining

On June 4, SpaceX released a 17-minute IPO roadshow video. CFO Bret Johnsen highlighted "asteroid mining" as an unproven business model for the first time, while outlining future financial targets: raising gross margin from 49% to about 70% and net margin from -26% to about 45%. The video also sketched longer-term visions including orbital data centers and point-to-point space transport. Pricing is set for June 11 under ticker SPCX, with the company aiming to raise up to $75 billion at a target valuation of $1.78 trillion.