"SpaceX could seek a valuation in the IPO of more than $1.75 trillion, with the company having acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion."
"A listing for SpaceX would raise as much as $75 billion, dwarfing the current record holder, Saudi Aramco's $29 billion debut in 2019."
"SpaceX is telling prospective IPO investors to expect briefings from company executives this month, with testing-the-waters investor meetings potentially providing more detail to support its valuation target."
SpaceX has submitted a confidential draft IPO registration to the U.S. Securities and Exchange Commission, targeting a June listing. The company could achieve a valuation exceeding $1.75 trillion and aims to raise as much as $75 billion, surpassing Saudi Aramco's record. SpaceX acquired Musk's AI startup xAI, valuing the combined entity at $1.25 trillion. The company plans to hold investor briefings this month and has engaged major banks for the IPO process, including Bank of America, Citigroup, and Goldman Sachs.
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