"A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk's ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars."
"Exactly how much SpaceX plans to raise has not been disclosed but the figure is reportedly as much as $75 billion. At that level, the offering would easily eclipse the $29 billion that Saudi Aramco raised in its IPO in 2019."
"The offering, coming possibly in June, could value all the shares of SpaceX at $1.5 trillion, nearly double what the company was valued in December when some minority owners sold their stakes."
"Musk owns 42% of the SpaceX now, according to Pitchbook, though that figure will change with the IPO when new owners are issued shares. In any case, he is likely to pierce the trillion dollar mark because he is already close."
SpaceX has filed preliminary paperwork for an IPO that could raise up to $75 billion, making it the largest offering in history. This event is anticipated to be a significant Wall Street occurrence, with investment banks preparing to support Musk's plans for lunar bases and Mars missions. The IPO could value SpaceX at $1.5 trillion, nearly double its previous valuation. Musk, owning 42% of SpaceX, is on track to become the first trillionaire, with his net worth estimated at $823 billion.
Read at Fortune
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