"If the flotation proceeds as planned, it would sit just below Saudi Aramco's record-setting $1.7 trillion IPO in 2019. Musk, 54, founded SpaceX in 2002 with the goal of revolutionising space travel by slashing launch costs and making human missions to Mars viable. Over the past two decades, the company has reshaped the global launch market, fielding its reusable Falcon 9 and Falcon Heavy rockets and becoming the partner of choice for governments, satellite operators and private clients."
"The company has also built a substantial second revenue engine with Starlink, its global broadband satellite network. Musk said in June that SpaceX expects to generate $15.5 billion in revenue this year, driven heavily by the growth of Starlink subscribers worldwide. By next year, he predicts the company's commercial space revenues will surpass NASA's launch and spaceflight budget, which stands at around $1.1 billion."
"Starship - the 400-ft launch system Musk has pitched as essential for transporting cargo and ultimately humans to the Moon and Mars - remains a central pillar of SpaceX's ambitions. Although still in development and testing, Starship is expected to underpin NASA's Artemis programme and future deep-space missions. SpaceX's operational cadence has reached unprecedented levels. In 2024, the company completed a record 134 Falcon launches, becoming the most prolific launch provider in the world."
SpaceX is preparing for an initial public offering as early as next year with a target valuation near $1.5 trillion and plans to raise well over $30 billion. The valuation would rank just below Saudi Aramco's $1.7 trillion IPO. Founded in 2002, SpaceX transformed the launch market with reusable Falcon 9 and Falcon Heavy rockets and services for governments, satellite operators and private clients. Starlink provides substantial revenue, with expected revenue of $15.5 billion this year and projected commercial space revenues that could surpass NASA's roughly $1.1 billion launch and spaceflight budget. Starship development and a record launch cadence underpin future growth.
Read at Business Matters
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