Overview
- SpaceX is preparing an IPO as soon as June that, according to The Information and Bloomberg, aims to raise about $75 billion, which would top Saudi Aramco's $29 billion record.
- The company is seeking a valuation above $1.75 trillion, up from about $1.25 trillion after the xAI deal, following an investor meeting that moved the target higher from roughly $50 billion.
- Less than 5% of shares would be sold, with more than 20% earmarked for everyday investors, a setup that could reduce trading liquidity and make early price moves sharper.
- SpaceX favors a Nasdaq listing and is pushing for fast entry to the Nasdaq-100 within 15 trading days, a shift that would prompt index-tracking funds to buy the stock sooner.
- Reports say Elon Musk plans to use proceeds for space-based data centers, and those plans remain unconfirmed because the company has not filed an IPO prospectus or set a firm date.