SpaceX is preparing for a potential IPO, with plans to be listed on the Nasdaq by June 12. The company is expected to formally announce its public offering as early as next Wednesday, with an investor roadshow set to begin on June 4 and a share sale anticipated for June 11.
The IPO could raise up to $75 billion, aiming for a valuation of approximately $1.75 trillion. Reports indicate that BlackRock is contemplating a significant investment ranging between $5 billion and $10 billion in support of the IPO.
This development follows earlier indications that SpaceX had initiated the IPO process by filing necessary paperwork, with an initial target launch projected for late June or early July. The company has also been diversifying its ambitions, recently applying to deploy a million satellites for an "orbital data center" and shifting focus towards lunar city development, instead of solely aiming for Mars colonization.
Additionally, SpaceX's acquisition of xAI, another venture of Elon Musk, could contribute to its high valuation as it continues to expand its operational scope.