Multiple media reports say that Elon Musk’s privately held SpaceX could file to go public as soon as this week in what is expected to be the biggest initial public offering (IPO) ever.
The highly anticipated stock market debut for SpaceX could raise over $75 billion U.S. at a current valuation for the company of $1.75 trillion U.S.
That would make it the largest IPO in Wall Street’s history.
In February of this year, Musk merged SpaceX with his artificial intelligence start-up company xAI, and since then has made multiple executive changes ahead of the planned IPO.
An exact date for the SpaceX IPO hasn’t been set, but it was previously expected that the paperwork for the market debut wouldn’t be filed with regulators until this year’s second half.
The space sector has benefited from excitement surrounding SpaceX, as well as U.S. President Donald Trump’s plans for a “Golden Dome” defense system.
SpaceX operates the Starlink constellation that has more than 9,500 satellites in orbit and provides wireless internet services on Earth.
Reports that the SpaceX IPO is being moved up sent the stocks of leading space companies such as AST SpaceMobile (ASTS) and Planet Labs (PL) sharply higher on March 25.
Tech Insider
