---
title: "Ackman urges SpaceX to go public with \"SPARC\" Tesla shareholders can get priority investment rights"
description: "Billionaire Ackman suggests using Special Purpose Acquisition Rights (SPARs) to help SpaceX go public, which has been approved by the SEC. This structure will allocate Special Purpose Acquisition Righ"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/270444665.md"
published_at: "2025-12-22T05:15:44.000Z"
---

# Ackman urges SpaceX to go public with "SPARC" Tesla shareholders can get priority investment rights

> Billionaire Ackman suggests using Special Purpose Acquisition Rights (SPARs) to help SpaceX go public, which has been approved by the SEC. This structure will allocate Special Purpose Acquisition Rights (SPARs) to Tesla shareholders, allowing them to invest in SpaceX. If the exercise price is $11.03, SpaceX will raise approximately $42 billion; if raised to $42, the amount raised will increase to about $148.7 billion. Ackman stated that this plan is the fairest for Tesla shareholders, echoing Musk's statement that Tesla supporters should be able to invest in SpaceX

As SpaceX, the space exploration technology company owned by Elon Musk, reportedly advances towards its IPO, billionaire Bill Ackman has put forth a bold proposal, suggesting the use of his created special purpose acquisition rights tool (SPARC) to assist SpaceX in going public. He stated on social media platform X that the tool has been approved by the U.S. Securities and Exchange Commission (SEC), and once the SEC approves the merger documents between SpaceX and its subsidiary Pershing Square SPARC Holdings, it could be listed, with trading potentially starting as early as mid-February 2026.

## SpaceX's fundraising could reach up to $148.7 billion

Ackman indicated that the SPARC structure would allocate special purpose acquisition rights (SPARs) to Tesla shareholders, allowing them to directly invest in SpaceX or monetize their rights. According to his proposal, Tesla shareholders would receive 0.5 SPARs per share, totaling approximately 1.72 billion SPARs, with each SPAR redeemable for 2 shares of SpaceX stock, meaning a total of 3.45 billion shares. He noted that this structure eliminates underwriting fees, founder shares, and shareholder warrants while maintaining a 100% common stock capital structure.

He calculated that if the SPAR exercise price is set at $11.03, SpaceX would raise approximately $42 billion, with about $38 billion coming from SPAR exercises and an additional $4 billion from Pershing Square. If the exercise price were to increase to $42, the amount raised by SpaceX would significantly increase to approximately $148.7 billion.

Ackman also stated that SpaceX is the most innovative and efficient rocket company in the world and should go public in the most innovative, efficient, and fair manner for Tesla shareholders. Additionally, Ackman's proposal echoes Musk's earlier statements; Musk had expressed at Tesla's November shareholder meeting that he hopes Tesla supporters will have the opportunity to invest in SpaceX

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.