SpaceX prepares for IPO with valuation exceeding $2 trillion as early as Wednesday – Bloomberg
Kyiv • UNN
SpaceX plans to raise $75 billion through a Nasdaq listing under the ticker SPCX. Elon Musk's company valuation will exceed $2 trillion.
Elon Musk's SpaceX plans to officially file for an initial public offering as early as Wednesday. This was reported by Bloomberg, citing sources, according to UNN.
Details
According to media reports, the company intends to begin official marketing of the IPO in the coming days, after which it will determine the share price and list on the Nasdaq exchange under the ticker SPCX. Sources note that the details of the offering may still change.
SpaceX has confidentially filed documents to go public and expects to raise up to $75 billion at a valuation of over $2 trillion. If the deal proceeds on these terms, it would become the largest IPO in history.
The company's core business – rockets and Starlink
SpaceX is one of the key contractors for the U.S. space program and holds billions in government contracts. The largest portion of the company's revenue is generated by rocket launches and Starlink satellite internet.
According to Bloomberg Intelligence estimates, SpaceX's business could generate about $20 billion in revenue in 2026. Additionally, following the acquisition of xAI, the company controls the Grok artificial intelligence system.