NEW YORK: SpaceX, the aerospace firm founded by Elon Musk, is reportedly preparing to file for an initial public offering (IPO) in June that could raise up to $75 billion, according to a report published on Tuesday.
Citing a source familiar with the matter, tech publication The Information said the company is expected to submit its IPO prospectus to securities regulators either this week or next, signalling a long-anticipated move towards going public.
SpaceX, which is also working on spacecraft aimed at future missions to Mars, was valued at approximately $1.25 trillion in early February following its merger with Musk’s artificial intelligence venture, xAI.
Largest IPO
Market analysts had previously projected that the company might seek to raise between $30 billion and $50 billion, given the strong investor appetite for technology firms in recent months.
If confirmed, the offering would surpass the largest IPO on record.
SpaceX has yet to issue an official response to the report.
The company, known for its dominance in the global space launch sector through its reusable rocket technology, is owned by Musk along with a range of investors and technology firms, including Alphabet, the parent company of Google.
Experts note that a public listing would require greater financial transparency from SpaceX and could place increased pressure on the company to demonstrate consistent profitability.
