
"A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk's ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars."
"Exactly how much SpaceX plans to raise has not been disclosed but the figure is reportedly as much as $75 billion. At that level, the offering would easily eclipse the $29 billion that Saudi Aramco raised in its 2019 IPO."
"The offering, coming possibly in June, could value all the shares of SpaceX at $1.5 trillion, nearly double what the company was valued in December when some minority owners sold their stakes."
SpaceX has filed preliminary paperwork for an initial public offering (IPO) that could raise up to $75 billion, making it one of the largest IPOs in history. The offering may occur in June and could value SpaceX at $1.5 trillion. Investment banks are preparing to assist in this significant fundraising effort to support Musk's ambitious projects, including lunar bases and Mars missions. Musk currently owns 42% of SpaceX, and the IPO could elevate his net worth beyond $1 trillion.
Read at Fast Company
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