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SpaceX Confidentially Files for IPO Targeting $1.75 Trillion Valuation

The move positions the company for a June Nasdaq debut that could raise up to $75 billion, the biggest IPO on record.

Spacex files confidentially for $1.75t ipo in potential record $75b raise
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Overview

  • SpaceX submitted a confidential draft to the SEC, first reported April 1 by Bloomberg and confirmed by CNBC and Reuters.
  • The company is aiming for a June listing on Nasdaq and a raise of up to $75 billion, according to those reports.
  • CNBC reports that 21 banks have been lined up to manage the offering.
  • SpaceX is considering a dual-class share structure that would give insiders more voting power.
  • The company is exploring an unusually large retail allocation, with up to about 30% of shares reserved for individual investors.