SpaceX confidentially files to go public at $1.75T, reports say
5 hours ago
- #Stock Market
- #Elon Musk
- #SpaceX IPO
- SpaceX confidentially filed for an IPO, expected to be one of the most watched and highly valued listings in history.
- The company could seek a valuation above $1.75 trillion, with the IPO potentially occurring as early as June.
- SpaceX has grown into a dominant force in space travel and satellite communications via Starlink, which generates over half its revenue.
- Elon Musk's fortune is set to increase significantly, moving him closer to becoming the world's first trillionaire.
- SpaceX acquired Musk's xAI in February, planning solar-powered space datacenters to support AI growth.
- The company holds major contracts with the U.S. government and NASA, which relies heavily on its rockets for launches.
- Financial details, long kept secret, will be disclosed closer to the IPO, with Barclays among banks coordinating the offering.